Gearbox Protocol Establishes the Gearbox Foundation

The decentralized leverage protocol Gearbox Protocol has established a foundation company, Gearbox Foundation, in the Cayman Islands.

The purpose and objects of the foundation are: to promote, support and facilitate the growth and development of the Gearbox blockchain protocol, as well as solutions and applications associated with, built on, or interacting with the Gearbox blockchain protocol; support and finance various research and development activities, venues, and projects related to the Gearbox blockchain protocol, associated technologies, and their underlying software.

DAObox acts as the manager of the Foundation. The engagement term is two years expiring on February 2, 2025. The Foundation recognises resolutions adopted by the DAO via voting.