Lenders deposit funds into Gearbox and receive interest payments from borrowers.

Gearbox is a non-custodial lending protocol built on Ethereum. Gearbox was founded by Mikhail Lazarev and launched in 2021.

GEAR tokenholders own and govern the protocol. They currently take a cut of the total interest paid by borrowers (revenue).

governance

github

twitter

discord

etherscan

website

Lending

Gearbox

# Gearbox Maximum token supply Methodology

## 1. Overview

The Gearbox token supply maximum metric represents the theoretical maximum number of tokens that can exist in the Gearbox protocol ecosystem. This is a static metric based on the protocol's tokenomics design rather than a dynamic calculation from blockchain data. The metric answers the question: "What is the hard cap on the total number of Gearbox tokens that can ever be created?" The approach uses predefined tokenomics parameters to establish this maximum supply ceiling.

## 2. Data sources

This metric relies on static protocol specifications rather than dynamic blockchain data:
- **Protocol tokenomics specifications**: The hardcoded maximum supply limit defined in the Gearbox protocol design
- **Token launch information**: The official launch date when the Gearbox token became active
- **Token contract parameters**: The maximum supply constraints built into the token contract architecture

## 3. Step-by-step calculation

### Component A: Static tokenomics configuration
- **Purpose**: Establishes the fundamental tokenomics parameters for the Gearbox protocol
- **Logic**: Sets a fixed maximum supply of 10 billion tokens as the absolute ceiling for token creation. Establishes December 15, 2022 as the official token launch timestamp when this maximum supply constraint became active. Uses daily timestamp granularity to align with standard Token Terminal metric formatting.
- **Key fields**: The `token_supply_maximum` field contains the hardcoded value of 10,000,000,000 tokens, while the `timestamp` field marks the protocol launch date

### Final aggregation
- **Combining components**: No complex aggregation is needed since this is a single static value
- **Currency conversion**: Not applicable - this metric represents token quantities rather than monetary values
- **Time aggregation**: Uses a fill-forward strategy to extend the maximum supply value across all dates from the launch date onwards, creating a consistent daily time series
- **Final calculation**: The final metric value remains constant at 10 billion tokens for all dates from December 15, 2022 forward, representing the unchanging maximum supply ceiling defined in the protocol's tokenomics design

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

GearboxGEAR

Maximum token supply

Maximum token supply

Competitive landscape