Gelato
Crypto Overview
Intended Utility
Gelato Network is a protocol that automates smart contract executions on Ethereum and other blockchains. The GEL token serves as a governance and utility token within the Gelato ecosystem, allowing holders to participate in protocol decisions and stake tokens to run network operations.
Business Model Analysis
The protocol provides a decentralized network of executors who automate blockchain operations, such as DeFi transactions, recurring payments, and limit orders. The business model is based on charging fees for automation services, with executors earning rewards for performing tasks.
Real World Adoption
Gelato has demonstrated significant adoption, with integration into major DeFi protocols including Uniswap, Instadapp, and QuickSwap. The network has processed millions of automated transactions across multiple blockchains.
Token Distribution and Governance
The initial token distribution allocated 25% to the team and advisors with a 2-year vesting period, 20% for ecosystem development, and 55% for community incentives and liquidity mining. This distribution shows a reasonable balance between team incentives and community ownership.
Development Activity
The project maintains active development with regular GitHub commits and protocol upgrades. The team consistently delivers technical improvements and new features, suggesting genuine commitment to the project's development.
Revenue Model
Gelato's revenue model is based on service fees paid in native blockchain tokens (ETH, MATIC, etc.) for automation services, which are distributed to network operators. This model avoids interest-based income and aligns with Islamic financial principles.
Crypto Impact
To assign a comfort level investing in Gelato from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Gelato.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.