ETHA Lend Utilizes Gelato Automation to Optimize Yields on Polygon
As automation of smart contracts becomes necessary for DeFi protocols on all chains such as Polygon, developers are looking for reliable solutions to outsource all their web3 devsOps needs to focus their scarce developer resources on what is truly important to them, their core product. Ever since Gelato released its smart contract Poker to automate arbitrary smart contract functions, developers across chains have been able to utilize it for various operations.
We are excited to announce our latest partner to join the Gelato family — the agnostic DeFi Yield Optimizer ETHA Lend that is abstracting complexity to provide its users algorithmically optimal yields on Polygon.
“When building large-scale applications in DeFi such as ETHA Lend, infrastructure becomes one of the essential elements. Having a guide to rely on in terms of latency, speed of delivery, quality of blockchain data, and queries can prove to be instrumental in the growth potential of our protocol. With Gelato’s expertise and guidance, we will be able to reach a new echelon and a competitive architecture in the interest of our community. This collaboration will be an exciting one, and we are excited to see the fantastic results that come out of it .”— ETHA Lend’s Co-Founder Chester Bella
Over the past two weeks, Gelato has seen a substantial increase in growth on Polygon and its thanks to the dynamism of the new smart contract Poker. Not only has ETHA Lend utilized this poker to harvest their vaults, but Qi Dao has enlisted it to automate the compounding of their Aave yield tokens. Furthermore, Aave users can enjoy lending without the liquidations with Gelato-powered Cono Finance, which offers collateral protection on Polygon-based Aave markets.
“We are extremely excited that innovative projects like ETHA Lend are starting to utilize Gelato’s new general automation smart contracts on networks like Polygon. It was designed to make automating smart contract functions a matter of 1–2 hours of developer work at most. Yield Optimizers such as ETHA Lend have various tasks that require constant smart contract executions, such as harvesting and reinvesting accrued revenue, for which Gelato’s infrastructure is perfect for.” Hilmar Orth, Co-Founder and Legendary Member of Gelato Network
ETHA Lend will continue to bring the best yields for their users, and Gelato will be right by their side, super-powering their strategies with battle-tested automation. Stay tuned for further updates!
About ETHA Lend
ETHA Lend is a yield optimizer powered by Polygon that abstracts the complexity in DeFi to provide users algorithmically optimal yields. The key makers of the protocol include a discovery algorithm, a hybrid lending market, stable asset eVaults with rewards in volatile assets, automatic rebalancing, and more. The ETHA Wallet is another unique non-custodial integration that allows users to batch transactions with multiple different assets all at once. The team behind the protocol is constantly expanding on their product line and strategies to offer users an all-inclusive set and forget experience towards incredible yields in the broader DeFi market.
About Gelato Network
Gelato Network is Web3’s premier automation network, enabling developers to automate a wide variety of arbitrary smart contract executions on and across all EVM-based compatible blockchains such as Ethereum. Examples of use cases developers have built on top of Gelato include Limit Orders on AMMs like Uniswap, automatic compounding of yield farming vaults, Aave liquidation protection, MakerDAO debt ceiling updates, automated liquidity management, and even the petting of Aavegotchis. Our ultimate goal is to automate everything and by giving developers the reliable tools they need to do this, we can empower their users to get the most out of their Web3 experience.
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