[Closed] Shift Into High Gear: Join our $5000 Gearbox Campaign

Are you ready to supercharge your DeFi experience? We're launching an exciting campaign with the Gearbox Protocol, and you won't want to miss out on this opportunity to win a share of 850,000 GEAR tokens!

Let's dive into the details of this campaign and explore why Gearbox is making waves in the world of DeFi.

Rules of the Game: How to win your share of GEAR

Starting August 27th and running for seven action-packed days until September 3rd, the Gearbox Campaign invites you to participate in a unique opportunity.

Here's how you can join:

1. Visit the Gearbox application on our DAppscout Marketplace for Arbitrum.
2. From the Dappscout interface, deposit a minimum of $100 for lending or $400 for borrowing on Gearbox.
3. Keep your assets locked for the full seven-day campaign duration.

It's that simple! By participating, you'll be in the running to win a share of the impressive 850,000 GEAR token prize pool.

Video Walkthrough: Using Gearbox via DAppscout

Understanding the $5000 Shared Reward Structure

We have designed a reward structure that balances incentives for larger players while still giving everyone a fair shot at winning big. Here's how the rewards will be distributed:

75% Proportional Distribution: The majority of the reward pool (637,500 GEAR tokens) will be distributed proportionally based on the amount each participant has deposited or borrowed. So if a user's deposit represents 5% of all deposits, they would receive 5% of the 637,500 GEAR tokens allocated for proportional distribution. The more you commit compared to others, the more you get.

25% Lucky Draw: To keep things exciting and give everyone a chance at a significant win, 25% of the rewards (212,500 GEAR tokens) will be distributed via a lucky draw. Five fortunate winners will be selected randomly from all eligible participants, regardless of their deposit or borrow amount.

This dual approach makes for a campaign that's attractive to both DeFi players deep in the trenches and newcomers that are ready to dip their toes in the mempool.

What is Gearbox?

Now, you might be wondering, "What exactly is Gearbox, and why should I be excited about it?" Great question!

Gearbox Protocol is revolutionizing the DeFi landscape by offering composable leverage. In simpler terms, it allows you to do more with your crypto assets across various DeFi protocols. With Gearbox, you can:

• Margin trade on Uniswap
• Leverage farm on Curve
• Leverage stake on Lido
• Use up to 10 times more capital on protocols you already know and love

At its core, Gearbox uses a concept called Credit Account abstraction. This innovative approach combines lending and prime brokerage into a single protocol.

Here's how it works:

• Lenders deposit assets to earn passive yield, without the worry of impermanent loss.
• Borrowers can then use these assets to create leveraged positions across various DeFi protocols.

The beauty of Gearbox lies in its composability and modularity. The leverage you get isn't isolated within Gearbox's own pools. Instead, your trades and farming activities are executed using the global liquidity available on other major DeFi apps.

Some standout features of Gearbox include:

• 0% Funding Rates: Unlike some leveraged trading platforms, Gearbox doesn't rely on perpetual contracts, so there's no need for funding rates to balance long and short positions.
• Leverage as a Service: Other protocols can integrate Gearbox to offer leverage to their users without changing their own architecture.
• Permissionless: You have the freedom to create complex, delta-neutral, or hedging strategies within your Credit Account.

Gearbox is also committed to decentralization. It's non-custodial, meaning you always control your funds, and it's driven by its community from day one.

Why You Need DAppscout

Now, let's talk about how you'll be accessing Gearbox for this campaign - through Blockscout's DAppscout platform on Arbitrum. DAppscout is rapidly becoming an essential tool for people in their daily DeFi routines.

DAppscout is a marketplace feature within Blockscout, the largest open-source block explorer available today, supporting over 600 EVM chains. It allows users to explore, assess, and interact with decentralized applications directly from the block explorer interface.

Why is DAppscout important?

1. App Discovery: With new chains and apps launching frequently, DAppscout helps you discover what's available, whether you're new to a chain or a regular user looking for the latest offerings.
2. Safe Interaction: DAppscout analyzes app smart contracts to provide a security score, helping you interact with confidence.
3. DeFi Strategy: You can create a personalized basket of apps across DeFi sectors, organizing your favorite swaps, bridges, lending platforms, and yield generators in one convenient location.
4. Community Ratings: Find the most popular and highest-rated apps within each sector, and contribute your own ratings to help the community.
5. Direct Interaction: Interact with dApps directly through the DAppscout interface, streamlining your DeFi experience.

Join the Gearbox Campaign Today!

Ready to shift into high gear? The Gearbox Campaign on Arbitrum is your chance to experience the power of DeFi while potentially winning a share of 850,000 GEAR tokens.

Remember, the campaign runs from August 27th to September 3rd, and you must deposit on or before August 27th to join - load 'em up now!