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Gearbox Yield Strategies

Compare 5 yield strategies on Gearbox across ETH, USDC, USDT, WBTC. Live APY rates, TVL, and performance history — updated daily.

Strategies

5

Assets

4

Networks

1

Top APY

2.84%

All Gearbox Strategies

StrategyAssetNetworkCuratorAPYTVL
WETH VaultETHMainnetkpk2.84%$294.4K
wstETH VaultETHMainnetkpk0.12%$4.2M
V3USDCMainnet—0.00%$1.0M
V3USDTMainnet—0.00%$441.4K
WBTC v3 PoolWBTCMainnet—0.00%$354.9K

Frequently Asked Questions

What is the highest APY on Gearbox?

The highest-yielding strategy on Gearbox is WETH Vault with 2.84% APY on ETH (Mainnet).

How many strategies does Earnbase track on Gearbox?

Earnbase tracks 5 yield strategies on Gearbox across ETH, USDC, USDT, WBTC.

What assets can I earn yield on with Gearbox?

Gearbox supports yield strategies for ETH, USDC, USDT, WBTC across Mainnet.

Does Gearbox yield include external rewards?

No. Earnbase tracks on-chain APY only. External incentives like token rewards or points are excluded from all yield data.

Gearbox Yields: Compare APY Across 4 Assets

Earnbase tracks 5 yield strategies on Gearbox across 1 network. Compare APY rates for ETH, USDC, USDT, WBTC, updated daily.

Total TVL

$6.3M

Top APY

2.84%

Networks

1

Assets

4

Tracked Assets on Gearbox | Jump to

ET
ETH22.84%
US
USDC1<0.01%
US
USDT1<0.01%
WB
WBTC1<0.01%

ETH

2 strategies
Product APY
E
WETH VaultMainnetMainnet · kpk
2.84%
E
wstETH VaultMainnetMainnet · kpk
0.12%

USDC

1 strategy
Product APY
U
V3MainnetMainnet
<0.01%

USDT

1 strategy
Product APY
U
V3MainnetMainnet
<0.01%

WBTC

1 strategy
Product APY
W
WBTC v3 PoolMainnetMainnet
<0.01%

About Gearbox

Gearbox enables leveraged positions across DeFi by letting users borrow additional capital against their deposits and deploy the combined amount into yield strategies. This leverage amplifies returns. a 2x leveraged position on a 5% APY strategy would target roughly 10% minus borrowing costs.

But leverage equally amplifies losses and introduces liquidation risk: if the value of your position drops below the required margin, Gearbox automatically unwinds it. The protocol operates on Ethereum Mainnet with strategies spanning USDC, USDT, ETH, and WBTC. Gearbox APY figures inherently include the leverage component, which means they aren't directly comparable to unleveraged lending rates on protocols like Aave or Fluid.

A 12% Gearbox yield and a 6% Aave yield don't represent the same risk exposure. the Gearbox figure reflects leveraged returns with liquidation risk while the Aave figure reflects a straightforward lending deposit. Understanding the leverage multiple behind each Gearbox strategy is essential for meaningful yield comparison.

Earnbase tracks 5 strategies on Gearbox across Mainnet.

Frequently Asked Questions

What is the highest APY on Gearbox?
The highest yield currently tracked on Gearbox is 2.84% APY on WETH Vault (ETH on Mainnet). Rates are variable and update daily.
How many strategies does Earnbase track on Gearbox?
Earnbase tracks 5 yield strategies on Gearbox across 4 assets and 1 network.
What assets can I earn yield on with Gearbox?
Gearbox supports yield strategies for ETH, USDC, USDT, WBTC. Each asset has multiple strategies with different risk profiles and APY rates.
Does Gearbox yield include external rewards?
No. APY shown on Earnbase reflects on-chain vault performance only. External incentives such as token rewards, points programs, and liquidity mining are excluded.
What is the total TVL across all Gearbox strategies?
The combined TVL across all 5 Gearbox strategies tracked on Earnbase is $6.3M.
What is the average APY across Gearbox strategies?
The average APY across all tracked Gearbox strategies is 1.48%. Individual strategies vary considerably — sorting the tables by APY reveals the full range from conservative to higher-yield positions.
How do Gearbox strategies compare across networks?
Gearbox is deployed on Mainnet. Borrowing demand and liquidity conditions differ by network, so the same asset can yield different rates depending on which network you deposit on. Comparing across networks is one of the most reliable ways to find yield improvements without changing risk profile.
What is the best 30-day APY on Gearbox?
The highest 30-day average APY on Gearbox is 2.13% on WETH Vault. The 30-day figure smooths out short-term rate spikes and provides a more reliable indicator of what a position has actually delivered over time.
How do I choose between Gearbox strategies?
Sort by APY to identify the highest-yielding options, then examine the product name and network for context. Higher APY typically reflects higher collateral risk, leverage, or a smaller liquidity pool. Comparing the 24-hour APY against the 30-day average helps identify whether a rate spike is recent or sustained.
Are all Gearbox strategies the same risk?
No. Gearbox strategies vary by collateral type, network, curator (if applicable), leverage, and liquidity pool size. A conservative USDC vault with blue-chip collateral carries different risk than a higher-yield strategy accepting more volatile collateral. APY differences between strategies on the same protocol reflect these underlying differences.