What is Gearbox's risk level?

Yielna's risk meter reads High for Gearbox, from its contracts, their control and its history. It measures structural and historical risk, not future returns.

Is Gearbox verified by Yielna?

Not at present: Gearbox does not hold a Yielna badge, which means a requirement is not met or could not be verified.

Who controls Gearbox's contracts?

Admin control: Single key. Timelock: None — admin changes take effect immediately.

What is Gearbox's TVL?

$25.0M, as reported by DefiLlama.

Has Gearbox been exploited?

No exploit is recorded for Gearbox.

Gearbox

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Overview

TVL

$25.0M

Up 51% over 90 days

Live since

2021

Lent out to borrowers$14.3M· not in TVL

TVL, last 90 days

Risk

How it's measured

High

Full data

Security

AuditsAudited by ConsenSys Diligence, ChainSecurity, Sigma Prime and 4 others, July 2025Sigma Prime MixBytes MixBytes

Contract statusAll contracts verified, immutableMarketConfiguratorLegacy 0x354f…8a06 AddressProviderV3 0x9ea7…321D AddressProviderV3 0x7d04…F2af AddressProviderV3 0x3761…6726 AddressProviderV3 0x4b27…C41B CreditManager 0x4C63…cCE3

Admin controlSingle key

MultisigNone — a single key holds control

TimelockNone — admin changes take effect immediately

Track record

Through market stressCame through all 5UST/Luna collapse (May 2022) — deposits grew 30%FTX collapse (Nov 2022) — kept 85% of its depositsUSDC depeg (Mar 2023) — kept 61% of its depositsAugust 2024 crash — kept 55% of its depositsOctober 2025 liquidation cascade — kept 67% of its deposits

Exploit historyNone recorded