# Concepts

> Markdown export of the Gearbox Protocol documentation page for agents and retrieval systems.

Canonical page: https://docs.gearbox.finance/developers/gm-concepts
Source file: content/developers/gm-concepts.mdx
Section router: https://docs.gearbox.finance/developers/llms.txt
Section full export: https://docs.gearbox.finance/developers/llms-full.txt

Concepts specific to the Gearbox Markets pooled lending model. For foundational concepts (Credit Accounts, Multicalls, Health Factor) see [The Lending Stack](https://docs.gearbox.finance/developers/intro-101).

- [**Markets**](https://docs.gearbox.finance/developers/gm-concept-markets) — The Pool → Credit Manager → Credit Account architecture. How a single liquidity vault funds multiple strategies with isolated risk. Debt Ceilings and Diesel Tokens.

Topics covered here but not in The Lending Stack:

- **Interest Rate Model** — utilization-based rate curves specific to pooled lending
- **Market Curators** — the permissionless operator role that configures risk parameters
- **Quotas** — per-token concentration limits and risk-priced interest (exist only in Markets, not P2P)