Gelato Network
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Gelato Network

Gelato Community Update — July 2022

Till next time, au revoir Paris

Bonjour Gelato fam!

Earlier last month, thousands of hackers, builders, and web3 enthusiasts descended on Paris during some of the hottest days of the year for the fifth edition of EthCC: Europe’s biggest Ethereum meet-up. This three-day event welcomed speakers such as Vitalik Buterin, who spoke about the future of the Ethereum network, and was also the site of many interesting events, insightful discussions, and of course- the after-parties!

Amongst the crowd were members of Team Gelato, who attended EthCC to network, strategize, and learn more about the newest developments in the ever-changing landscape of Web3. This conference was particularly exciting as it was an opportunity for members of Team Gelato to meet in person (some for the very first time!) and get to know each other in real life instead of via a screen or messaging app. Here’s a snap of Team Gelato below!

During the conference, we took special pride in demonstrating our newest product, Gelato Relay, which enables applications to offer a fully gasless user experience. We held a special Gelato raffle, where participants used Gelato Ops to mint a free NFT, and if they minted the special Golden Gelato, they’d win bragging rights (and $250 worth of GEL). The catch- they needed to show Team Gelato the NFT before it melted in order to claim their prize.

Gelato Meltdown Mission — EthCC Paris 2022

Overall, it was a wonderful experience seeing how our community is just as passionate as we are about growing Gelato into the best version of itself. What makes us unique isn’t just what we offer, but also the culture we’ve created in which every team member is equally passionate about building a decentralized future, and is driven to make Gelato a hub for web3 developers who need to scale and operate their projects in a trust-minimising fashion.

July Performance Recap

In July, 277,862 transactions were executed by Gelato — bringing the total transaction count up to 2.67 million. In comparison to June overall transaction count declined by 13% MoM.

Gelato total monthly transactions vs. max ETH price
Gelato transactions by network July 2022

A majority (58%) of the transactions took place on Polygon; followed by BNB (15%), Fantom (7%) and Avalanche (7%).

⚙️ Gelato Ops

The Ops transaction count has grown from 156,356 transactions in June 2022, to 169,380 transactions across 2,250 active tasks in July. MoM Gelato Ops transactions have grown by 8.3% and 641 new tasks were created in June.

Gelato Ops daily transaction count, January to July 2022

In case you’re wondering how Optimism automates their smart contracts using Gelato’s world class automation infrastructure:

Introducing Drippie: Drippie is a mechanism for how Optimism handles on chain interactions, which focuses on combining various triggers with actions, allowing these actions to execute only upon certain conditions. However, services are still required to trigger these actions when their requisite conditions are met. Drippie integrates Gelato as the primary layer for automating these programmable interactions.

We currently run Drippie on top of Gelato and we’ve been very happy with Gelato’s performance (thanks Gelato! nice work 🙂). Although we don’t expect issues from Gelato any time soon, we’ll likely look to integrate other providers as a backup to guarantee that drips always execute in a timely manner.

Kelvin Fichter

Have you herd? Alpaca Finance integrates Gelato’s automation to call the Feed Grass House function, allowing the Gelato bots to monitor the tasks on behalf of users, automatically distributing rewards to vaults while monitoring outstanding positions and preventing liquidations.

“ Gelato’s decentralized keeper platform has made it effortless for us to do automation and save resources, allowing us to focus on building the best DeFi products.” — Spicysquid, Head of Engineering”

This allows for an effortless automation experience which would otherwise have to be done manually, and we welcome Alpaca to the Gelato ecosystem!

Geist Financeis a decentralized, noncustodial liquidity market protocol that uses Gelato to seamlessly vest protocol incentives every 5 hours, which automatically distributes the rewards to the relevant protocol contributors on a continuous basis. Find out more about they’re using Gelato to reduce DevOps management and provide new functionalities to their users here

Geist is excited to announce it has integrated Gelato Network to automate developer operations tasks on-chain. As a result of this integration, we’ll be reducing DevOps management and providing new functionalities to our users.

  • DogeGuard —is an ecosystem of Defi services by providing a variety of different products and tools to help bootstrap the creation of new projects, and provide additional resources to on-chain interactions in a simplified way. Dogeguard uses Gelato to automate market-making purchases reliably running continuously within a 4 hour interval.
  • Bhavish is a decentralized prediction market protocol that allows users to participate in socially engaged and gamified predictions for any asset or event. Bhavish integrates Gelato to automate fetching details for new prediction market rounds.
  • WigoSwap, a protocol that provides a suite of decentralized financial products has integrated Gelato to schedule tasks that call the executeRound function which automates starting and ending each round that determines the locking price upon completion of the round.

Gelato Ecosystem July 2022

Gelato ecosystem map July 2022

ICYMI —

We’re going to DappCon!

Our co-founder Hilmar Orth will be delivering a talk on “Smart Contract Automation triggered by off-chain computation”

Get your ticket here!

🛠 Developer Resources

Thank you to everybody who we were able to meet in person, we sure hope to see you again at future conferences, and meet some new faces. We have so many exciting use cases and announcements in the pipeline that we can’t wait to share, so be sure to keep one eye on our socials to see what’s coming up!

About Gelato Network

Gelato Network enables developers to automate & relay arbitrary smart contract executions on and across all EVM-based compatible blockchains such as Ethereum.

Our goal is to provide developers with a reliable, scalable & decentralized network to which they can outsource all web3-related DevOps.

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

► Check out what we’ve been working on at https://www.gelato.network

► Automate your smart contracts at https://app.gelato.network/

Connect with us on:

🐦 Twitter | 💬 Telegram | 📺 Youtube | 🔗 Linktree

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