How dHEDGE Uses Gelato To Set Up New TWAP Oracles
Decentralized Finance (DeFi) has gained popularity due to its mission to make financial services more accessible to all. dHEDGE, a decentralized asset management platform, simplifies crypto investment for novices and specialists by enabling investors to partner with investment managers and benefit from their experience- whilst allowing them to retain ownership and control over their funds.
We spoke with the dHEDGE team about their experience with Gelato and what’s next for dHEDGE.
Tell us about dHEDGE — what problem does dHEDGE solve?
dHEDGE solves decentralized asset management in a way that allows a trustless relationship between a pool manager and an investor.
It’s non-custodial, which means users retain ownership and control over their funds, whereas investment managers cannot remove investor funds from a pool.
Recently, dHEDGE has created a new automated strategies protocol Toros Finance, which enables users access to a range of safe automated strategies that achieve sustainable yield. These strategies are available directly to Toros users and also available to managers within dHEDGE.
How do people use dHEDGE?
dHEDGE provides a decentralized way for users to search for strong investment managers, commit assets to a chosen pool, and benefit from their management experience. Whilst at all times the user retains control over their committed funds.
Users can also start their own pool on dHEDGE, as a way to generate a pool management history on-chain, and also to attract additional managed assets through outstanding performance. Managers can also charge management fees on these pools and generate income from manager activity.
Additionally, users also use dHEDGE via any of the Toros automated strategies, such as the SNX Debt Hedging Index which tracks an SNX Staker’s debt exposure.
How is dHEDGE utilizing Gelato automation?
Gelato is helping dHEDGE with custom TWAP oracles on a few assets used on the protocol. Gelato automation ensures that these asset prices are kept fresh and updated regularly.
What are some of the main ways dHEDGE is benefiting from Gelato?
Gelato has helped simplify the creation and automation of running a Uniswap TWAP oracle, allowing dHEDGE to quickly set up a new TWAP oracles and monitor through the Gelato app.
What’s next for dHEDGE?
The short term roadmap for dHEDGE includes adding new manager integrations — next under proposal is an integration with Lyra Finance, bringing options trading to dHEDGE.
The DHT Staking mechanism is under a new proposal which, if passed, will be an innovative approach on incentivizing how users engage with dHEDGE.
Also under development is a referral program, designed to help managers to scale their ability to attract new TVL to their pools. Managers will be able to share a portion of their management fees to users bringing new assets onboard.
—
Find out more about dHEDGE here:
Website | Docs | Medium | Twitter | Discord
—
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:
