Gelato Community Update — August 2022

Gelato number of transactions by network August 2022

⚙️ Gelato Ops

Gelato Ops daily transactions August 2022
  • Orium Network is building a Platform for NFT Lending which supports subletting NFTs to Guilds, auto-listing NFTs for rent, and facilitating finding borrowers. However, one of the big challenges that Orium faces, is that smart contracts are passive and do not execute themselves, which requires a strong need for reliable automation to perform regular and consistent on-chain updates.
  • Fantomly Finance is using Gelato to regularly perform oracle updates to keep price pairs accurate and ensure that the Fractional-Synthetic Token mechanism that is algorithmically pegged to maintain stability at all times.
  • NFT Finance, a prediction market that introduces a gamified lottery system in a transparent and verifiable way on-chain. To achieve true randomness, so that every player has a fair and equal chance of winning, NFT Finance has utilized Gelato Ops to automatically call the getRandomNumber function ensuring that winners are drawn entirely randomly, in a programmatic way.
  • Serenity Capital integrates Gelato to further optimize vault management by implementing harvesting and auto-compounding strategies for various vaults in the protocol. Protocol rewards earned are scheduled to be harvested and re-invested into relevant Pools programmatically and securely with Gelato.

About Gelato Network

  • 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

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