Gearbox Security Audit

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Summary

ChainSecurity reviewed the smart contracts of the Gearbox system. A detailed system description can be found in our report.

All the issues uncovered by the current review have been fixed, except for a low-level design issue which was only partially addressed.

About Gearbox
“Gearbox is a generalized leverage protocol: it allows you to take leverage in one place and then use it across various DeFi protocols and platforms in a composable way. The protocol has two sides to it: passive liquidity providers who earn higher APY by providing liquidity; active traders, farmers, or even other protocols who can borrow those assets to trade or farm with x4+ leverage.
The core vision is to become a backend composable leverage protocol that all kinds of users have but don’t even need to interact directly with any interface. You can envision building your own DeFi protocol and just making a “take leverage with Gearbox” as a button. And bam – your users are now more capital efficient. Or integrate Gearbox into a platform like Zerion or Zapper.”