Gelato Community Update 01/31/2022 š¦
Hey! Welcome back to another Gelato Community Update š¦
First off, we hope youāre having a fantastic start to 2022 and maintaining a positive outlook for the year ahead!
Itās been some time since we last updated you with what weāve achieved and wanted to do so because January was a BIG month for us. Letās just say thereās a lot to get through.
Weāve kicked off the year by relentlessly shipping new upgrades to the Gelato Network, increasing our technical integrations, bringing on new team members, and growing our community. Prepare to see some fresh faces lurking as āLegendary Membersā in our social channels. Wishing them the warmest of welcomes! š
š¦ļø G-UNI TVL hits an ATH following the passing vote to increase the maximum GUNIV3DAIUSDC2-A debt ceiling to 500M
With newfound 50x leveraging on G-UNI Oasis pools, it didnāt take long for users to begin depositing liquidity in the vaults and begin earning a juicy APY.
How is this possible? You might askā¦
Utilizing the power of Oasisā slick new interface, we are able to put our stables to work in a matter of minutes. Here is a comprehensive thread from Ari, the G-UNI Wizard himself:
š¤ Sythentix partners with Gelato to offer L2 incentives to liquidity providers in the G-UNI WETH/SNX Pool on Optimism
Following this tutorial, you can see how easy it is to provide liquidity via G-UNI to stake your LP tokens and start earning rewards.
To put things in perspective, G-UNI comprises $12.25M of the $42.88M TVL on Uniswap V3 (Optimism PBC) as well as over 10% of Uniswapās entire TVL on Ethereum Mainnet:
probably nothingā¦ š
š Smart contract automation has never been easier to set up ā thanks to Gelato Ops
Gelato Ops is continuing to take charge in 2022. With a super sleek UX, youāre able to set up and automate any arbitrary smart contract function in a few simple clicks. While we always knew the demand for automation in web3 was there, weāve been experiencing a surge in interest for Gelatoās automation tools.
Itās no wonder though! Because with the power of Gelato, simplifying your DeFi experience remains a fun and rewarding process! šŖ
- Some examples of tasks users have been creating include auto-harvesting and auto-compounding yield vaults, topping up contract balances, and recurring payments. Though this is just a few instances of Gelatoās automation capabilities. Weāre seeing new applications every day!
- Dive into how you can start automating protocol-specific tasks using Gelato Ops. We cover how to use Gelato to automate yields on yields on yields on Liquid Driver in this live example here: Gelato x Liquid Driver:
January was a big month for us, but weāre only getting started. We want to thank you for all your continued support along the way. Everybody loves ice cream and weāve plenty of it to go around.
Look forward to some more sweet announcements in the coming week! We canāt wait to share all of the new developments weāve been working on behind the scenes. š¤«
Last but not least ā we are hiring!
If any of the open positions interest you, ā please apply!
Stay cool!
About Gelato Network
Gelato Network is web3ās automation network, enabling developers to automate & relay arbitrary smart contract executions on and across all EVM-based compatible blockchains such as Ethereum.
Gelatoās 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
ā
āŗ Check out what weāve been working on at š¦ https://gelato.network/š¦
āŗ Automate your smart contract at https://app.gelato.network/
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