Gelato Network is an automation protocol for smart contracts on public blockchains such as Ethereum, Polygon, and Fantom, helping web3 developers easily deploy Smart Contracts reliably.
Gelato Network provides a decentralized BOT network, helping to automate custom smart contracts, addressing issues of reliability and saving time for DevOps in the Web3 ecosystem.
MAIN CONTENT
Gelato is a smart contract automation platform across multiple blockchains with a decentralized BOT network.
GEL Token has clear staking, governance, and allocation utilities, supported by major investors like Dragonfly Capital.
Gelato supports a diverse range of use cases from DeFi, NFT, gaming to liquidation protection and integration across multiple Layer blockchains.
What is Gelato Network?
Gelato Network is a protocol for automated execution of smart contracts on Ethereum, Polygon, Fantom, and other platforms. With a decentralized network of BOTs, Gelato assists web3 developers in automating complex Smart Contracts without the need to build bots from scratch. This is an infrastructure solution that helps improve reliability in contract execution and optimize development time.
Rather than spending a lot of time writing code and operating manual bots, Gelato provides a trusted automated network, allowing a focus on core product development, accelerating deployment, and ensuring accuracy in transactions.
What are the highlights of the Gelato Network project?
Gelato Network easily helps Web3 developers access and interact with Smart Contracts through available automated bots on the platform. The platform supports many popular blockchains like Ethereum, Polygon, Fantom, allowing for the expansion and diversification of dApps across different networks.
Gelato is also designed as a sustainable profit-generating protocol, expected to operate effectively in the long term with a vision of becoming the leading framework for multi-chain smart contract automation with high precision and decentralization.
In what cases can the Gelato Network be applied?
Gelato supports a variety of real use cases in the cryptocurrency ecosystem, notably:
Instadapp – automated DeFi asset management.
Limit Orders on Automated Market Makers (AMM).
G-UNI – providing automatic liquidity on Uniswap V3.
Debt liquidation protection through KeeperDAO and Cono Finance protocols.
Automatic yield farming reward harvesting through Vaults.
NFT and Gaming applications with automated smart contracts.
Why use Gelato Network?
Gelato Network ensures that Smart Contract transactions are executed timely and accurately thanks to a globally operating Node system. Payments for bots can be made in ETH or ERC20 Tokens, offering great flexibility with transaction fees.
Gelato Network is a significant step forward in automating smart contracts, enhancing speed and reliability for complex Web3 applications.
Andre Cronje, Founder of Yearn Finance, 2022
Gelato allows testing of arbitrary contract logic, thereby opening up countless automation possibilities in DeFi, NFT, protecting digital assets, enhancing user experience, and minimizing operational errors.
What does the Gelato Network ecosystem include?
Gelato collaborates with many leading projects in Blockchain and DeFi, from public protocols to dApps and wallets, creating a robust ecosystem. They believe that in the future, all processes will be automated, and Gelato is leading this trend.
Basic information about Gelato Token (GEL)?
Gelato Token (GEL) is an ERC-20 standard Token on Ethereum, serving utility and governance roles, with a maximum supply of 420,690,000 GEL, of which around 9,800,000 GEL is initially circulating.
What is the utility of the GEL Token?
Staking: Helps holders earn profits from the network.
Governance: Users can propose and vote on important changes in the system.
How is the GEL Token allocated?
Community development: 50%.
Private investors: 21%.
Founding team: 15%.
Future team: 10%.
Public sale: 4%.
What does the development roadmap for Gelato Network look like?
Q3 – 4 of 2021: Integration with various platforms such as Furucombo, Quickswap, Zerion, B.Protocol, Seascape, ETHA Lend, Qi DAO, and raising $5 million from reputable VCs.
In 2022: Develop off-chain verification functions, automate cross-layer operations between Ethereum Layer 1 and Layer 2, launch Gelato DAO on-chain.
2023 – 2025: Seamless automation expansion between Web2 and Web3, serving multiple blockchains including Ethereum, Polkadot, Cosmos, Near.
Who are the project team, investors, and partners of Gelato Network?
What is the Gelato development team like?
Gelato is led by two founders with rich experience in building Ethereum dApps and researching blockchain, DeFi, as well as cryptography.
Who are the notable investors and partners of Gelato?
The Series A funding round raised $11 million, led by Dragonfly Capital, along with Parafi Capital, Nascent, IDEO CoLabs Ventures, and Stani Kulechov – founder of Aave, contributing to increasing the project's credibility.
The successful funding round with participation from leading investment funds demonstrates the potential and trust in Gelato's vision of expanding Web3 automation.
Dragonfly Capital, Investment Report, 2021
Summary
Gelato Network provides advanced smart contract automation solutions for the Web3 ecosystem, reducing the development burden for devs, increasing accuracy and reliability in transactions, and enabling multi-chain expansion. The GEL token plays a crucial role in governance and staking, supported by a reputable team and investors to ensure sustainable project development.
Frequently Asked Questions (FAQ)
What problem does Gelato Network solve in Web3?
Gelato provides a decentralized BOT network for automated execution of smart contracts, enhancing reliability, reducing dev time, and increasing operational efficiency of Web3 applications.
What is the function of GEL Token in the Gelato ecosystem?
GEL is used for staking to earn profits, participating in governance proposals, and voting on protocol improvements, while also supporting network operations.
Which contracts can Gelato Network automate?
Gelato allows for the automated execution of any custom smart contract functions across multiple blockchains, suitable for various industries such as DeFi, NFT, gaming, and debt liquidation protection.
Which investors have supported Gelato Network?
Gelato has successfully raised funds from major funds such as Dragonfly Capital, Parafi Capital, Nascent, and the participation of Stani Kulechov – Founder of Aave.
What is the development roadmap for Gelato Network in the future?
Plans to expand automation between Web2 and Web3, multi-chain serving major blockchain platforms like Ethereum, Polkadot, Cosmos, and Near from 2023 to 2025.
Source: https://tintucbitcoin.com/gelato-network-gel-la-gi/
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