Gearbox
as of 2 September 2026
Verdict
Active but concentrated: proposals keep coming, and a small group of addresses decides most outcomes.
Key figures
Health breakdown
Activity
Activity is steady: 6 proposals in the last 90 days, against 36 over the year.
SnapshotParticipation
The typical proposal cleared its quorum, and 81% of recent proposals reached it.
SnapshotTreasury diversification
57% of the treasury is the organization's own token, so its value moves with that token.
DefiLlamaVote decentralization
The top ten voters control 97% of the voting power cast in recent votes.
SnapshotWhat moved the score
- Participation89
- Activity80
- Vote decentralization6
What changed
Nothing has changed in the last 30 days.
Treasury
| Own token | $1.3m | 57% |
|---|---|---|
| Stablecoins | $2.5k | 0.1% |
| Other major assets | $974.5k | 43% |
| Other | $6.5k | 0.3% |
Treasury values move with token prices. See the daily history for how this figure has changed.
Governance activity
Proposals per month
Text version of this chart
| 2025-09 | 4 |
|---|---|
| 2025-10 | 10 |
| 2025-11 | 3 |
| 2025-12 | 3 |
| 2026-01 | 3 |
| 2026-02 | 3 |
| 2026-03 | 3 |
| 2026-05 | 1 |
| 2026-06 | 4 |
| 2026-08 | 2 |
Health score over the last year
Text version of this chart
| Date | Value |
|---|---|
| 1 Sept 2026 | 61 |
| 2 Sept 2026 | 61 |
Recent proposals
[GIP-289] Convert Treasury ETH into sfrxETH
17 Aug 2026# [GIP-288] Update global infrastructure for RWA markets and protocol tooling
8 Aug 2026[GIP-286] Protocol Surface Reduction: v3.0 admins and Obsolete Bytecode
28 Jun 2026[GIP-287] Treasury Consolidation & Cleanup
26 Jun 2026[GIP-286] Protocol Surface Reduction: v3.0 admins and Obsolete Bytecode
24 Jun 2026[GIP-285] Gearbox Foundation Budget 2026-2027
8 Jun 2026[GIP-283] Authorize Securitize RWA contract domains
27 May 2026[GIP-282] RE7LRT Liquidation Disclaimer
23 Mar 2026# [GIP-282] RE7LRT Liquidation Disclaimer
20 Mar 2026[GIP- 280] Sustainable Liquidity Mining Program for 2026
2 Mar 2026
Participation and power
Top voters in recent votes
- 10xb9b7…ceeA23%
- 20x6D52…A2d716%
- 30x630d…93a515%
- 40xAa16…6c1712%
- 50xC4CA…153B7.3%
- 60x2cc1…4Df17.2%
- 70x4756…78405.6%
- 80xf3D4…d89E4.7%
- 90x8cC8…aE343.6%
- 100x80f1…66bc2.2%
Addresses are shown as the source publishes them. daohaus.com makes no attempt to identify the people behind them.
Snapshot · 2 Sept 2026Sources and verification
Every figure on this page was read from one of these. Each row links to the page a person can check.
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Something wrong?Comparing organizations side by side is planned for a future update.
A classification of how much control software agents hold is planned for a future update.