Gearbox is Integrated with Omni SolverNet on Mainnet
We’re excited to announce that Omni SolverNet is now powering Gearbox Protocol. This integration gives users instant access to Gearbox lending pools directly from Arbitrum and Optimism without needing to leave the app.
Additionally, deposits into Gearbox’s ETH and USDC pools via SolverNet are eligible for Omni’s $10 million SolverNet rewards program.
How to Earn Rewards with Omni SolverNet on Gearbox
For every $1 USDC you deposit into Gearbox lending pools via SolverNet, you’ll receive 1 Omni point. For every 1 ETH you deposit, you’ll receive 1,000 Omni points.
These points will be redeemable at a later date for a share of a $10 million rewards pool designed to incentivize early SolverNet adoption.
Depositing into Gearbox via SolverNet is simple:
- Go to app.gearbox.fi and navigate to the “Earn” tab
- Choose between various USDC and ETH pools with the Omni logo and select the network you’d like to deposit from (Arbitrum or Optimism)
- Enter the amount you’d like to deposit and approve the transaction
Passive Lending, Simplified
Gearbox lending pools enable users to earn passive yields without IL, fees or lock ups. Simply deposit, earn and withdraw whenever you want. But before integrating SolverNet, depositing ETH and USDC into Gearbox’s lending pools required users to leave Gearbox to bridge their assets.
SolverNet makes it effortless to access passive yields on Gearbox by abstracting away the cross-chain complexity. Now, users can directly deposit into Gearbox without leaving the app itself. This, in turn, means that SolverNet directly contributes to an improved user experience on Gearbox by removing multiple steps users would otherwise need to take.
No more gas calculations. No more bridging. Just a quicker way to start earning, all thanks to SolverNet.