🎉 Registration for the $5 Million WCTC S7 Trading Competition is Live!
🎁 Register Now & Claim #Red Packets# for Three Consecutive Days
➡️ Register Here: https://www.gate.io/competition/wctc/s7
🧧 Red Envelope Codes will be Announced on Gate_Post According to the Following Schedule.
🔔 Red Packet Times:
— April 17, 09:00 AM (UTC)
— April 18, 09:00 AM (UTC)
— April 19, 09:00 AM (UTC)
👉 More WCTC S7 Details: https://www.gate.io/announcements/article/44440
Gearbox: GEAR token has been fully unlocked, with 39.8% of the supply held by DAO.
Odaily Planet Daily News Modular Leveraged protocol Gearbox announced on the X platform that Token GEAR has been fully unlocked, with 100% circulation. 39.8% of the supply is held by DAO, with only about 3% released annually for various plans and rewards. It is reported that, with the reduction of Token incentives, the TVL increased from $17 million in 2023 to $83 million in 2024. The new Gauges mechanism introduced in V3 realizes the democratic decision-making of borrowing Intrerest Rate. Currently, over 2.8% of GEAR has been staked. DAO generated approximately $3 million in revenue in 2024, with only $486,000 spent on Token incentives.