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Ronin (RON) is the native utility token of the Ronin blockchain, a layer-2 solution designed to enhance the Ethereum ecosystem by providing faster and cheaper transactions specifically for gaming and non-fungible tokens (NFTs). Initially developed for the popular blockchain game Axie Infinity, RON facilitates various operations within the Ronin network, including staking, governance, and transaction fees.
Gearbox Protocol (GEAR) is a decentralized finance (DeFi) platform designed to enable leveraged trading and lending on the Ethereum blockchain. It empowers users to create and manage their own lending positions, utilizing advanced mechanisms like liquidity pools and automated market-making to enhance trading efficiency.