Gate News Bot announced that on July 29, according to CoinMarketCap data, GEAR (Gearbox Protocol) is currently priced at $0.00478082, having risen 33.42% in the last 24 hours, with a peak of $0.00744443 and a low of $0.00342038. The current market capitalization is approximately $4.78 million, an increase of $1.2 million compared to yesterday. Currently, GEAR ranks 589th in global Crypto Assets market capitalization. Gearbox Protocol is a reimagined on-chain lending protocol that allows users to obtain 10x credit limits or engage in passive income lending across DeFi. The protocol abstracts credit accounts with the aim of seamlessly integrating DeFi into any wallet, making it more accessible and user-friendly. Gearbox supports liquidity.

Odaily Planet Daily News MapleStory Universe announced on X platform that the second pioneer test has ended on November 29, and will enter the "Gear Up" phase starting this week.

On November 16th, the OneBlock+ community will host the 2024 Polka Hackerthon final Demo Day in Bangkok, Thailand, providing various assistance to the development teams of the Polkadot ecosystem. The competition sets four main themes, with a total prize pool of $315,000. Bounty sponsors include Vara Network & Gear, CESS Network, Unique, Bifrost, Darwinia Network, Moonbeam, Blockchain for good, etc.

The modular leveraged protocol Gearbox's Token GEAR has been fully unlocked, with DAO holding 39.8% of the supply, releasing only about 3% annually for plans and rewards. By 2024, TVL increased from $17 million to $83 million, and the Gauges mechanism introduced in V3 achieved democratic decision-making on loan interest rates. The DAO's income in 2024 was about $3 million, with token incentives costing only $486,000.