Gearbox Protocol's Ilgiz Gimaltdinov explains that its credit accounts enable leverage without DEX liquidity or market makers. A credit account is an isolated wallet holding both collateral and borrowed credit, letting users interact directly with tokenization protocols to mint or redeem assets, and build 5x leverage in a single window. Alex Shevchenko argues that, with confidential intents and ZK advances, crypto can finally compete with banks, moving past the industry's traditional lag behind traditional finance.

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