GEL

Gelato is a decentralized platform that aims to simplify the development of blockchain applications by providing a cloud-like infrastructure. It’s designed to bridge the gap between Web2 and Web3, making it easier for developers to build applications with a familiar user experience.

Key Features of Gelato:
Automation: Gelato allows developers to automate smart contract execution based on specific conditions or triggers.
Off-chain data: It enables the integration of off-chain data into smart contracts, expanding the possibilities for decentralized applications.
Gasless transactions: Users can interact with Gelato-powered applications without paying gas fees upfront, improving user experience.
Verifiable randomness: Gelato offers a verifiable random function (VRF) to generate random numbers on-chain with provable fairness.
GEL Token:
Governance: GEL token holders participate in the Gelato DAO, influencing the platform’s development and decision-making.
Staking: GEL tokens can be staked to earn rewards and contribute to the network’s security.
Ecosystem development: The GEL token plays a role in incentivizing the development of the Gelato ecosystem.
Use Cases:
Decentralized finance (DeFi): Gelato can be used to automate yield farming, liquidity management, and other DeFi strategies.
Gaming: It can power in-game economies, random number generation, and automated gameplay elements.
Supply chain management: Gelato can automate supply chain processes, track product provenance, and ensure transparency.
Essentially, Gelato aims to make blockchain development more accessible and user-friendly by providing a robust infrastructure and a suite of tools for developers.