The modular leverage protocol Gearbox announced on the X platform that the token GEAR has been fully unlocked and is 100% circulating, with 39.8% of the supply held by DAOs, and only about 3% released annually for various plans and rewards. It is reported that TVL has increased from $17 million in 2023 to $83 million in 2024 while reducing token incentives. The newly introduced Gauge mechanism in V3 enables democratic decision-making on lending rates, and currently over 2.8% of GEAR has been pledged. DAO generated approximately $3 million in revenue in 2024, with only $486000 spent on token incentives. @tuda-nado