DeFi projects often face liquidity decline when airdrop rewards run out, but Gearbox’s TVL has rebounded to $340 million. It offers unique credit accounts for leveraging capital across DeFi markets, allowing users to stake, provide liquidity, or trade. Permissionless, a new lending market, has added $250 million to Gearbox’s TVL.

Gearbox has a track record of handling market upheavals, like the ezETH depeg incident, where $56 million in user positions were liquidated. Despite this, Gearbox suffered no bad debt thanks to its design. The protocol aims to continue integrating new blockchains and markets to sustain growth and minimize risks for lenders. 1. The stock market reached record highs today as tech companies like Apple and Amazon reported strong earnings. The Dow Jones Industrial Average rose by 300 points, while the S&P 500 and Nasdaq also saw gains.

2. The CDC announced that the Delta variant now accounts for over 80% of COVID-19 cases in the United States. Health officials are urging unvaccinated individuals to get vaccinated as cases continue to rise across the country.

3. Tropical Storm Elsa made landfall in Florida, bringing heavy rain and strong winds to the state. Thousands of residents have been evacuated, and power outages have been reported in some areas. The storm is expected to move up the East Coast in the coming days.

4. The Tokyo Olympics are set to begin this week amid continued concerns over COVID-19. Athletes from around the world will compete in a variety of sports, but spectators will be limited to prevent the spread of the virus.

5. In entertainment news, actor Bob Odenkirk was hospitalized after collapsing on the set of his TV show “Better Call Saul.” The 58-year-old is said to be in stable condition, and fans have been sending well wishes for his recovery.

Read more at Yahoo Finance: Gearbox deposits recover from 80% crash as users pour $250m into new lending market