Berlin start-up Gelato has developed a new protocol designed to automate intelligent contracts based on Ethereum. Bots are a key tool of the project, and the new application is highly functional.
Bots in smart contracts
Network Ethereum provides users with many interesting solutions and proposals, much more attractive and beneficial than those offered by traditional financial institutions.
Modern instruments are conducive not only to faster and more efficient trading of funds, but also to maintaining greater control over them.
Assets in Ethereum are managed by smart contracts, performing their functions when the conditions are right.
Users, however, simply and quickly sign their transactions using their private keys.
But what if someone doesn't know the key?
Well, intelligent bots can also operate special bots that generate code.
They are managed by financial entities, but they are able to fully use the potential of Ethereum smart contracts.
Based on the above functionality, Gelato developed an application called Gelato Finance. It uses a group of bots, thanks to which users can perform operations automatically, based on protocols DeFi (decentralized finance).
In other words, each of them will be assigned a personal bot that will conduct transactions on their behalf, thus automating the entire process.
One of the main advantages of Gelato Finance is that the application is available to most users - all you need is an account on Dappradar.
It is worth adding that the Gelato team is still developing the functionality of their project - there are plans to include extending it with further DeFi protocols and subjecting to security control.
Currently, the platform provides a group of functions related to Kyber Network and Fulcrum, allowing e.g. for buying and transferring tokens at certain intervals or gradually accumulating them.
Importantly, the application interface is very simple, even intuitive. Setting up a personal bot doesn't take more than a few minutes.