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Mar 1 • 5 tweets • 3 min read
Introducing Gelato Web3 Functions!

Build truly serverless #web3 apps using decentralized cloud functions able to access off-chain data & computation without having to trust a centralized party

Apply for our private beta today to get early access 👇
gelato.network/blog/web3-func…
With Web3 Functions, developers can augment their smart contracts with off-chain data, computation, tx automation, indexing & data storage!

Connect your app to relevant real-world data that enriches the UX & empowers you to create a new generation of powerful web3 use cases
Some of these use cases include:

🎵On-chain music royalty payments
🧮 Automated trading strategies that require access to DEX aggregator endpoints (e.g. @1inch @paraswap)
🔮Resolving prediction market outcomes with real world data
🏅Sports betting

To name just a few!
Web3 Functions provide a more powerful and flexible approach to how Oracles are used today, expanding their use from simply pushing price feeds to enabling them to run the entire backend of web3 apps in a decentralized & scalable way
Want to try it for yourself?

We’ve got some Web3 Functions bounties up alongside #ETHDenver 👀

gelato.network/blog/gelato-et…

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More from @gelatonetwork

Gelato Profile picture
Feb 7
Ethereum’s Shanghai Upgrade is around the corner, but what does it mean for web3?

Let’s break it down 🧵
Back in the “old days” (pre-Merge), Ethereum ran on a proof-of-work model which required a lot of processing power. PoW blockchains are verified by miners who compete to solve a math puzzle, the winner updates the blockchain with the latest block & receives the native token
The decision was made to move from a PoW system to PoS (proof-of-stake), where “validators” would stake their own crypto for the chance to validate new transactions, update the blockchain, and earn a reward.

This was called The Merge
ethereum.org/en/upgrades/me…
Read 12 tweets
Gelato Profile picture
Jan 30
We can’t onboard the first billion people to web3 if we rely on users paying for gas and never losing their private keys.

Many believe Account Abstraction will be the next big thing for Ethereum & solve this problem

But what is it & why should you care? Let’s break it down🧵 Gradient text on a dark, pl...
Imagine a world where you can:

- Recover your funds if your private key is lost
- Interact with web3 apps without paying for gas
- Have others manage your funds based on rules that you define straight from your wallet

All of this is what AA promises to do!
But why haven’t today’s wallets adopted these functionalities?

To answer this question we have to understand that there are 2 different types of accounts on Ethereum:
1⃣Externally Owned Accounts - EOAs
2⃣Smart Contract Accounts - SCs
Read 12 tweets
Gelato Profile picture
Dec 10, 2021
You can now earn auto-compound fees on @Uniswap V3 by utilizing G-UNI DAI/USDC and G-UNI USDC/USDT liquidity as collateral in the @Aaveaave V2 AMM market! 👻🍦

Ready to ape in?

↳ app.aave.com/#/markets
What is the Aave V2 AMM market?

The AMM market was launched on @aaveaave earlier this year. It allows users to use their decentralized exchange LP tokens as collateral on the Aave Protocol and borrow against them while also earning exchange fees 👻✨

medium.com/aave/aave-amm-…
G-UNI is a neutral, unopinionated framework from the Gelato team for managing @Uniswap V3 positions.

To date, multiple platforms like @MakerDAO and @Instadapp have utilized G-UNI for a variety of purposes. Now G-UNI Pools have over $143M in TVL.

medium.com/gelato-network…
Read 4 tweets
Gelato Profile picture
Aug 19, 2021
1/ ANNOUNCING THE $GEL TOKEN SALE 🍦

The $GEL token sale will take place on September 13, 2021.

Whitelist applications are now open. Apply here:

medium.com/gelato-network…
2/ We believe that everything that can be, will be automated in Web3.

For that, Gelato built the underlying infrastructure for teams including @Instadapp, @AaveAave, @QuickswapDEX, @furucombo and many more to outsource their Web3 DevOps needs. Image
3/ From day one, Gelato was designed to be a protocol governed by the people who use it the most.

That's why we announced the $GEL token and Gelato DAO back in May — it is the perfect time to melt the ownership of Gelato into its community.

link.medium.com/80CUjRHKLib
Read 5 tweets

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