At this point, everyone has already branded the Gearbox airdrop. Those who are reading this in the hope of getting an airdrop, don't worry, the event has already passed and you wont get it.
I also didn't receive an airdrop but I suggest that you familiarize yourself with what you may need.
Actually, what is 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. That could be:
margin trading on Uniswap and Sushiswap;
leverage farming on Yearn;
arbitraging pegged assets on Curve, and more!
Gearbox does not silo the assets within its protocol. All trades and operations happen on third-party protocols: Uniswap, Curve, Yearn, etc. Needless to say, your assets never end up in some custody or under anyone’s control. Gearbox is not a trading platform. The protocol does not execute trades or have its own order books.
The core vision is to become a backend composable leverage protocol which all kinds of users have but don’t even need to interact directly with. You can envision building your own DeFi protocol and making a “take leverage from Gearbox” button. And bam — your users are now more capital efficient. Or integrate Gearbox into a platform like Zerion or Zapper.
A look inside Gearbox Protocol
Gearbox protocol has two sides to it:
Lenders — liquidity providers who seek additional yield and have a higher risk tolerance. This can be seen similar to providing liquidity to Compound and getting cTokens back.
Borrowers — traders or farmers who wish to increase their positions by borrowing liquidity from the protocol, for which they pay an interest rate. But the liquidity they borrow is 2–4x+ or more of what their notional size is. This is the leverage they get.
https://medium.com/gearbox-protocol/hello-world-this-is-gearbox-generalized-leverage-protocol-cbec5f34bb98