Gelato

Overview

Gelato is a decentralized protocol that enables automated smart contract executions on various blockchain networks. The GEL token serves as the network's native utility and governance token.

Purpose and Utility

Gelato's primary purpose is to automate blockchain operations and smart contract executions. The protocol acts as a decentralized network of bots that execute smart contract functions based on predefined conditions. The GEL token is used for governance decisions and as payment for network services.

Business Model Evaluation

The business model centers around providing automation infrastructure for blockchain applications. Users pay for execution services using GEL tokens, and token holders can participate in governance decisions. The protocol operates transparently, with all operations visible on-chain.

Real-World Adoption

Gelato has established partnerships with numerous DeFi protocols and is actively used across multiple blockchain networks including Ethereum, Polygon, and Binance Smart Chain. The protocol processes thousands of automated transactions daily, demonstrating actual utility.

Token Distribution and Governance

The GEL token distribution includes allocations for the team, early investors, and the community. Team tokens are subject to vesting schedules to ensure long-term alignment. The project maintains active development with regular updates and improvements to the protocol.