Gelato x Fantom Collaboration

Gelato’s world-class automation infrastructure brings to Fantom, one of the leading EVM compatible chains in the space.

“We’re excited to see Fantom-based applications getting their own set of builders and integrators. Applications such as Gelato showcase the importance of composability and collaboration in our ecosystem.” — Michael Chen, CMO of Fantom

Fantom is a high-performance, scalable, and secure smart-contract platform that utilizes an aBFT consensus mechanism that it shepherded called Lachesis. As its consensus layer, Lachesis powers Fantom Opera, an EVM compatible mainnet deployment that allows for any Ethereum-based dapp to port over to Fantom seamlessly. Fantom has a burgeoning ecosystem with over $350 million in locked TVL, integrations with the likes of ChainLink, The Graph, and REN, as well as native AMMs such as Spooky Swap, SpiritSwap, and SushiSwap (Sushi).

Gelato has already proven itself as the go-to automation solution for Ethereum and beyond. For example, Gelato has brought limit orders to multiple chains via Sorbet Finance and has automated the cross-chain migration of Instadapp positions on Aave.

“We’re very excited to be able to offer Gelato’s reliable smart contract automation infrastructure to even more developers and users with an appetite for low-cost, high-speed transactions on Fantom. Together with the Fantom community we wish to automate what’s there already and explore entirely new use cases that wouldn’t be feasible on Ethereum right now, due to its scalability problems.” — Luis Schliesske, Gelato Legendary Member

What is Fantom?

The Fantom Foundation is committed to building technology that is open-source, decentralized, DAG-based distributed ledgers with aBFT consensus. Fantom aims to create fast, secure, and scalable technologies across various industries, allowing organizations, businesses, and individuals to develop decentralized and secure applications, solving real-world problems.

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.

📰 INFO:

https://medium.com/gelato-network/gelato-brings-automation-to-fantom-e1d61667740a