Gearbox

cp0x and Gearbox launched a permissionless wstETH v3 pool offering passive yield from lending. Users can simply earn from wstETH deposits or amplify returns through looping strategies with cp0xLRT.

Action

Deposit wstETH into the cp0x pool and farm passive APY.

Bonus

Additional boost on top of base APY

Description

Gearbox – cp0x Lending Pool & Looping Strategy (wstETH v3)

cp0x, in collaboration with Gearbox, launched one of the first permissionless pools for wstETH / cp0xLRT, offering passive annual yield.

Current APY:

  • Organic APY: yield from lending funds in the pool 2.50%

  • Intrinsic APY: base yield from holding wstETH 2.56%

  • wstETH Incentive: additional boost until October 18, 2025 2.33%

The effective APY is the sum of all components. It changes in real time on the protocol side.

What it offers:

  • Lending market: users can deposit wstETH into the pool and earn passive yield without managing strategies.

  • Looping strategy: users can collateralize cp0xLRT (or wstETH converted into cp0xLRT) and borrow wstETH from the pool to leverage their yield. In this strategy, cp0x retains 50% of the points as compensation for providing incentives to the pool.
    Bonuses: Mellow Points ~19x and Symbiotic Points ~9.5x.

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