Gelato Brings Automation to Fantom
Gelato automation is now live on Fantom!
Reliable smart contract automation for sophisticated interactions with decentralized finance is becoming an absolute necessity for projects and protocols that want to provide a seamless Web3 experience for their users. In order to do this effectively, they will need an infrastructure that provides smart contract automation with a proven track record that developers can trust and rely on. That is why we are excited to bring Gelato’s world-class automation infrastructure to Fantom (Fantom Foundation), one of the leading EVM compatible chains in the space.
“We’re excited to see Fantom-based applications getting their own set of builders and integrators. Applications such as Gelato showcase the importance of composability and collaboration in our ecosystem.” — Michael Chen, CMO of Fantom
Fantom is a high-performance, scalable, and secure smart-contract platform that utilizes an aBFT consensus mechanism that it shepherded called Lachesis. As its consensus layer, Lachesis powers Fantom Opera, an EVM compatible mainnet deployment that allows for any Ethereum-based dapp to port over to Fantom seamlessly. Fantom has a burgeoning ecosystem with over $350 million in locked TVL, integrations with the likes of ChainLink, The Graph, and REN, as well as native AMMs such as Spooky Swap, SpiritSwap, and SushiSwap (Sushi).
Gelato has already proven itself as the go-to automation solution for Ethereum and beyond. For example, Gelato has brought limit orders to multiple chains via Sorbet Finance and has automated the cross-chain migration of Instadapp positions on Aave.
“We’re very excited to be able to offer Gelato’s reliable smart contract automation infrastructure to even more developers and users with an appetite for low-cost, high-speed transactions on Fantom. Together with the Fantom community we wish to automate what’s there already and explore entirely new use cases that wouldn’t be feasible on Ethereum right now, due to its scalability problems.” — Luis Schliesske, Gelato Legendary Member
Stay tuned for more announcements about Fantom development very soon.
About Fantom
The Fantom Foundation is committed to building technology that is open-source, decentralized, DAG-based distributed ledgers with aBFT consensus. Fantom aims to create fast, secure, and scalable technologies across various industries, allowing organizations, businesses, and individuals to develop decentralized and secure applications, solving real-world problems.
Website | Docs | Research papers | Discord | Telegram | Blog | Twitter | Reddit | Github
About Gelato Network
Gelato Network is web3’s automation network, enabling developers to automate & relay arbitrary smart contract executions on and across all EVM-based compatible blockchains such as Ethereum.
Gelato’s goal is to provide developers with a reliable, scalable & decentralized network to which they can outsource all of their web3 related DevOps operations.
Examples of which features are powered by Gelato include:
- Limit Orders on PancakeSwap
- Periodically updating debt ceilings on MakerDAO
- Offering users gasless token claims on Connext
- Automatically compounding yield farming vaults on Beefy Finance
- Automating the breeding of new digital racehorse NFTs on ZED RUN
- Rebasing of algorithmic stablecoins with Tomb Finance
- Updating price oracles on Abracadabra
If you have any questions or need help getting started, please reach out to us in our Telegram community or email us at hi@gelato.digital.
We are looking forward to building with you!
—
► Check out what we’ve been working on at 🍦http://gelato.network/🍦
Connect with us:
