Gearbox Markets

One immutable meta-adapter that reports an account's passive-liquidity supply in any Gearbox V3 ERC-4626 farming pool.

One immutable meta-adapter that reports an account's passive-liquidity supply in any Gearbox V3 ERC-4626 farming pool. Which pools it queries is a governed instance set on the NAV Calculator; the adapter holds no per-pool state. The borrow side is covered by the sibling Gearbox Credit Accounts adapter.

• Type: Meta-adapter
• protocolSubId: keccak256("gearbox-v3-markets")
• Instance key: the market (pool) address, widened to bytes32
• Source: GearboxV3MarketsMetaBalanceAdapter.sol

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Positions returned

One position per pool the account has shares in.

Leg	PositionKind	isDebt	Description
Pool supply	Supplied	false	Pool shares converted to the underlying

A pool returns an empty result when its asset is unregistered, excluded by assetFilter, or the converted balance is zero. Merkl rewards are not included.

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Balance calculation

Gearbox Markets adapter — how the underlying balances reported to the NAV Calculator are derived.

amount = market.convertToAssets(market.balanceOf(account))

convertToAssets uses the pool's current share price (reflecting interest accrued from Gearbox credit accounts borrowing the pool's liquidity). The result is denominated in market.asset().

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Identity

• positionId: abi.encode(address market) — the pool address
• positionKind: Supplied

There is no labels field on the position. The adapter implements positionLabels(positionId), which returns ["Market", "<market ERC20 name()>"] from the market's on-chain name — surfaced only by the verbose reads (getAccountPositionsVerbose / getAccountNavVerbose); the full breadcrumb is [protocolName, ...labels].

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Constructor

constructor(address navCalculator_)

Parameter	Description
navCalculator_	NAV Calculator contract (asset registry + instance set)

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Registration

Meta-adapter. Register once and seed its pools with addMetaBalanceAdapter(adapter, instances), then adjust with addMetaInstances(adapter, instances) / removeMetaInstances(adapter, instances) (MANAGER-gated). Each instance coordinate is a pool address widened to bytes32 (decoded via _toAddress). Adding a new pool is a config call — no new deploy.