Gelato is a decentralized network that works to automate smart contract executions on blockchain mainnets. It is a developer of a Web3 back end that empowers builders to create smart contracts that are automated, gasless, and off-chain-aware on major EVM-compatible blockchains. The main benefit of Gelato is allowing for reliable, developer-friendly, and decentralized smart-contract execution. Gelato reduces the need for third-party servers and systems required to monitor smart contracts and conditions for execution by using decentralized networks of what Gelato calls "arbitrary logic" and bots. Gelato was founded in 2019 and is located in Zug, Switzerland.
The supported networks for Gelato include Binance Smart Chain (BNB), Polygon, Ethereum, Cronos, Moonbeam, Moonriver, Gnosis, Fantom, Avalanche, Arbitrum, and Optimism. The range of supported networks allows for various use cases for Gelato, including yield farming, oracles, algo-stables, bridges, gaming, DeFi, DEXs, DAOs, lending, NFTs, social media, and derivatives.
Gelato's platform is intended to be a decentralized back end for Web3, intended to enable developers to create augmented smart contracts that are automated, gasless, and off-chain aware. This breaks down into two main services: Automate, which offers smart contract executions, and Relay, which offers gasless transactions for Web3 UX.
Gelato's Automate offers smart contract automation, which is developed to be reliable, decentralized, and developer-friendly. The service allows users to automate smart contracts and offers constant monitoring and instant execution when the contract conditions are met. Further, the Automate service offers advanced monitoring, giving users customer alerts when transactions are executed or if something goes wrong; debugging, to show users why transactions are not executing and allowing those users to fix problems in real time; connecting off-chain data to ensure transactions are executed properly; and flexible payments, allowing a variety of ERC-20 tokens and supporting prepayments or in-execution payments.
Gelato's Relay is developed to offer users gasless transactions on all major EVM-compatible networks. The relay works by users signing a message off-chain to interact with a Web3 app, which is forwarded through the Gelato Relay through a simple API call, and Gelato submits the corresponding transaction to the respective blockchain and pays for the gas.
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