Hey Gelato Fam,

Happy Friday & welcome to our weekly update! Here’s an Abstract (😉) of our activities so far and what you have to look forward to next week

Let’s dive right in!🧵
(Hint: next week will be all about Account Abstraction!) The world will run on web3 & web3 will run on Gelato

AA transforms blockchain interactions by empowering developers to build advanced, feature-rich dApps while abstracting away complexities for end users, making web3 accessible to everyone- yes, even normies!

Everyone is talking about @Uniswap V4 but what does this update mean for devs?

TL;DR
🔗 Hooks: Customizable pools
☝️ Singleton: All pools are in a single contract for significant gas savings
💸 Native ETH Support

Let's dive in, a 🧵 @Uniswap V3 revolutionized liquidity provision and boosted capital efficiency, however, it came with tradeoffs: limited flexibility & higher gas costs.

Uniswap V4 is designed to enhance customization, enhance flexibility & maximize efficiency, addressing V3's drawbacks

Gelato’s Node Operators are live on @avax!

This paves the way for a more secure, transparent ecosystem. Devs building with Gelato can build with even more confidence in the integrity & reliability of the underlying infra

Here’s how we empower projects in Avalanche’s ecosystem🧵 By leveraging Gelato Relay @NFTradeOfficial, a multi-chain NFT platform on @avax, is able to match orders and send relay requests to buy NFTs on a user’s behalf- all in real-time!

Gelato also helps facilitate the payment settlement, improving the UX for end users!

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

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

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🧵 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!

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-…

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.