Gelato Network Partnership With Beefy
Gelato is a decentralized automation protocol. The project consists of smart contracts built on EVM chains and Executor infrastructure services users leverage for transaction automation. This means that protocols can rely on Gelato’s bot network to run a completely decentralized product.
Gelato use cases include executing limit orders on Uniswap or Quickswap, protecting against liquidations on AAVE, and more. Beefy is working with Gelato to decentralize the harvesting of all its Fantom vaults, followed soon by BNB Chain and Arbitrum.
Beefy Finance chose Gelato Ops to harvest 100+ vaults automatically at predefined time intervals and economic conditions. Gelato Bots call these functions only when these conditions are met and a harvest makes economic sense. Automating key functions via Gelato’s decentralised infrastructure offers greater user experience, saves previous development resources while maximizing compounding efficiency, all to the benefit of the Beefy Community.
ABOUT Gelato
Gelato enables everyone to leverage the power of a decentralized network of bots to fully automate the movement of their money between different protocols on Ethereum.
ABOUT Beefy Finance
Beefy Finance is a decentralized, Multi-Chain Yield Optimizer that allows its users to earn compound interest on their crypto holdings. Beefy earns you the highest APYs with safety and efficiency in mind.
RESOURCES
Beefy Blog
