# Strategy Opportunities

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

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

Strategy opportunities represent the borrower side of Gearbox — you borrow from a Pool, deploy capital into DeFi protocols via a Credit Account, and earn leveraged yield minus borrow costs.

## What They Represent

When you enter a strategy opportunity, you open a Credit Account, deposit collateral, borrow pool liquidity, and deploy the combined capital through whitelisted DeFi adapters (Uniswap, Curve, Lido, Aave, etc.). The Credit Manager enforces solvency after every operation.

## Sub-Types

| Sub-Type | Description | Status |
| --- | --- | --- |
| `strategy` | Leveraged position via Credit Account + adapters | Available |
| `intent_strategy` | P2P leveraged position with custom borrow terms | Future |

## Discovering Strategy Opportunities

Use either the opportunities namespace for unified search or the strategies namespace for direct queries:

```ts
// Via unified search
const strategyOpps = await sdk.opportunities.search({ type: "strategy" });

// Via strategies namespace directly
const strategies = await sdk.strategies.list();
```

## Key Fields

| Field | Description |
| --- | --- |
| `depositToken` | The collateral token you deposit (ETH, USDC, etc.) |
| `targetToken` | The token the strategy targets for yield (stETH, yvUSDC, etc.) |
| `headlineApy` | Net yield after borrow costs — what the borrower actually earns |
| `leverageRange` | Min and max leverage available (e.g., 2x–10x) |
| `adapters` | DeFi protocols available within this strategy |
| `borrowRate` | Current cost of borrowing from the underlying Pool |
| `capacity` | Remaining borrowable liquidity |

## Filtering

You can filter strategy opportunities by asset class, chain, leverage, and minimum APY:

```ts
// All ETH strategies with APY > 10%
const ethStrats = await sdk.opportunities.search({
  type: "strategy",
  depositToken: "ETH",
  minApy: 10,
});

// High-leverage strategies on mainnet
const leveraged = await sdk.opportunities.search({
  type: "strategy",
  chainId: 1,
  minLeverage: 5,
});
```

## Example: List High-Yield ETH Strategies

```ts
import { GearboxSDK } from "@gearbox-protocol/sdk/official";

const sdk = new GearboxSDK();
await sdk.loadState({ mode: "lazy" });

const opps = await sdk.opportunities.search({
  type: "strategy",
  depositToken: "ETH",
  minApy: 10,
});

for (const opp of opps) {
  console.log(
    `${opp.id} | APY: ${opp.headlineApy.toFixed(2)}% | Leverage: ${opp.leverageRange.max}x`
  );
}
```

## Next Steps

- [Positions (Strategies)](https://docs.gearbox.finance/developers/gm-positions) — how to open, adjust, and close positions
- [Multicall System](https://docs.gearbox.finance/developers/gm-accounts-multicalls) — composable operations within Credit Accounts
- [Lender Opportunities](https://docs.gearbox.finance/developers/gm-opps-lender) — the supply side