QuickSwap x Gelato Collaboration
Gelato and QuickSwap announced a collaboration to bring limit orders to Polygon, liberating users from having to wait around and try to time the “perfect” price.
At first, limit orders will be available via Sorbet and routed through QuickSwap and soon users will be able to place them natively on QuickSwap’s own platform.
“We always wanted to develop QuickSwap as an ecosystem which is used by other projects to develop great products. Limit orders by Gelato is one such great example of it. I am really excited to see how the community uses this great feature.” —Sameep Singhania, Founding Team of QuickSwap
QuickSwap is the leading next-generation Layer 2 DEX that utilizes the low fees of Polygon to make it economical for anyone to participate in DeFi. Currently, QuickSwap has attracted over $540 million in liquidity and has regularly achieved over $200 million in daily volume. It has become the cornerstone money lego of the Polygon ecosystem, making the transition of Ethereum native dapps such as Aave and Curve easier as well as serve as a focal point for projects to grow and proliferate through yield farming.
Gelato has already proven the demand for limit orders with its incarnation of Sorbet on Ethereum’s main chain. Bots work diligently in the background to complete requested quotes of users, empowering them to have more agency in their trading experience. In nearly 3 weeks since its debut, Sorbet has managed over $7 million worth of orders from thousands of users around the world who want a taste of Gelato automation.
Gelato is building the automation layer for DeFi allowing protocols to fully embrace the power of DeFi for their users. With the inception of Gelato v2, the Gelato Network has upgraded its army of bots and has made efficiency the prime focus of its mission. Already, Gelato has proven itself as a formidable collaborator helping Instadapp with both refinancing Maker debt as well as migrating positions from ETH to Polygon.
“We are happy to reach many more users by giving them access to automated trading functionality that doesn’t require them to spend a fortune on transaction fees.”—Luis Schliesske, Gelato Co-Founder
In the future, Gelato and QuickSwap intend to bring more features to users such as Dollar-Cost Averaging and more.
What is QuickSwap?
QuickSwap is a permissionless decentralized exchange based on Ethereum, powered by Polygon’s Layer 2 scalability infrastructure. Incorporating a community-focused governance structure and a fair token distribution model, QuickSwap is empowering traders while removing the costly barriers to entry to DEXs for the general crypto user.
What is Gelato?
Gelato is the automation layer of Ethereum and offers projects a one-stop solution to fulfill all of their automation needs. Gelato is building the underlying infrastructure for automation to become a foundational pillar of the Web3 middleware stack, enabling trustless, automated flows of value between all smart contracts and upcoming Layer 2 networks.
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