Gearbox Protocol will publish a proposal to launch tokens in a few days, and the transferability of tokens is expected to be realized in early December

The DeFi composable leverage agreement Gearbox Protocol stated that it will release a proposal for the launch of the token GEAR in a few days. The proposal execution and token transferability are expected to be implemented in early December, possibly before December 10. According to a previous proposal, the token issuance will be divided into two stages. The first stage is to sell 150 million GEAR through the Gnosis Auction auction, with a starting price of $0.015, and the auction will last for 3 days; the second stage is to sell GEAR on Balancer Build a liquidity pool and enable GEAR transferability, all funds raised in the Gnosis Auction will be converted to ETH and paired with GEAR of equal value (according to Gnosis Auction pricing) and deposited into a new 50/50 on Balancer Liquidity pool.