Gelato Network — a decentralized bot network, used by web3 developers to automate the execution of smart contracts on all major public EVM compatible blockchains, including Ethereum, Polygon, Fantom, Arbitrum, BNB Chain, Optimism and many more.
Why do you need Gelato Network?
Using Gelato, developers can outsource their Web3 DevOps needs, related to automation and transaction relaying, to focus solely on building their core product.
Prior to Gelato, developers had to create custom bots (also, called custodians), associated with each specific smart contract process they wanted to automate. Building, running and maintaining use case-specific bots to maintain these systems takes a significant amount of time and typically results in the development team, becoming a central point of failure in their system. If their bot crashes, the whole app stops.
It was built to replace legacy centralized storage systems with an easy-to-use interface and robust infrastructure to support the next generation of DeFi, NFT and web3 gaming applications.
Main advantages:
| 1. | There is no need to self-host servers on AWS or other cloud providers. |
| 2. | RPC aggregation with multiple fallbacks. |
| 3. | Reliable transaction relay service that always processes transactions quickly. |
| 4. | Lack of a single point of failure (several performers work around the world). |
| 5. | There is no need to manage your private key in the cloud yourself. |
All Gelato products run on the same underlying Gelato Network architecture, which is responsible for the correct and efficient execution of tasks. Essentially, the Gelato network needs to check if the conditions for completing a task are met, and when they are, execute the transaction and ensure it is confirmed as quickly and efficiently as possible.
DEX trading
DEX trading — the main use case for smart contract automation. The project’s DEX Trading SDK provides developers with a ready-to-use typescript library, routines and UI reaction component to add auto trading features of some of the most popular multi-chain DEXs, including Pancakeswap, Quickswap and Spookyswap to their UI. As a DEX protocol, you can integrate the DEX Trading SDK so that your users can set limit orders and stop orders soon. Sorbet Finance's own website demonstrates the possibilities of limit orders in several chains.