Gelato Network News

We're thrilled to announce our latest collaboration with Liquid Driver, the leading liquidity-on-demand platform for dapps on the Fantom Opera Mainnet, to release the power of automated Web3 for $xLQDR holders!

Wondering how to automate yield with Liquid Driver, powered by Gelato?

Check out this 5-min tutorial:

https://medium.com/gelato-network/yields-on-yields-on-yields-automating-your-yield-with-liquid-driver-and-gelato-39803b64d2c9

On Saturday, December 11th, we executed a successful whitehat hack which secured around $26M of user funds.

These funds can now be claimed back on https://www.sorbet.finance/#/pools

Post mortem will follow.

If you have any questions, please reach out to us - we're here to help.

⚠️ REMINDER TO SORBET FINANCE USERS ⚠️

✋Stop right there!

Before sending any transactions:

1) Go to https://www.sorbet.finance/#/pools

2) Check if you are affected by the vulnerability and if yes

3) REVOKE ALL your ERC20 Token approvals NOW

Your funds are at risk if you don't do this!

Here's the guide on how to revoke all outstanding approvals for the Sorbet Finance Router

‼️ PLEASE DO NOT SEND ANY TRANSACTIONS WITH YOUR WALLET BEFORE COMPLETING THIS TUTORIAL

https://gelato-network.notion.site/Guide-to-revoke-all-outstanding-approvals-for-the-Sorbet-Finance-Router-c67c56ff06b74413b61c515ddebc34bf

🚨ATTN SORBE FINANCE G-UNI USERS🚨

We were alerted about a critical vulnerability in a G-UNI Router contract on Sorbet.Finance/#/pools.

This vulnerability ONLY affects users which interacted with the Sorbet UI. NO FUNDS WERE LOST.

If you entered any LP positions on Sorbet, please take the following action NOW:

> Go to Sorbet.Finance/#/pools, follow our simple step by step guide and revoke all approvals you gave to the vulnerable contract.

DO NOT SEND ANY OTHER TRANSACTIONS BEFORE COMPLETING THE FOLLOWING STEP OR FUNDS WILL BE AT RISK.

——
Everyone here at Gelato appreciates your understanding while we are working on enabling users whose funds we needed to secure to reclaim them on Sorbet asap 🔒

We'll release an official statement in the coming days 🙏🍦

Please stay tuned for more updates: https://twitter.com/gelatonetwork/status/1469813838916866050?s=20

Gelato is now LIVE on Avalanche

Gelato is finally available for developers and users of all experience levels that want to automate their activity on Avalanche 🔺

Among the first dapps to use Gelato on Avalanche is Sorbet Finance, which went live with Limit Orders for Trader Joe users. Also, 1000s of tx have already been automated for Connext Network users on xpollinate.io!

Read the full announcement: https://medium.com/gelato-network/gelato-is-now-live-on-avalanche-23cf3fc0a1da

Stay tuned to our social channels for further updates!

The sweetest moments from last week🍦

🔄 We teamed up with @ConnextNetwork to automate cross-chain token transfers
💰Oasis.app Multiply is Now available for G-UNI LP DAI tokens
🦄 G-UNI surpassed $200M TVL
🛠 Gelato Ops launch: app.gelato.network/

—
📅 This week's events:

Happening now:
Binance Smart Chain October Monthly Stars ft. Gelato: https://www.youtube.com/watch?v=K3atK7JDV6I

Today at 5pm CET:
Fireside Chat with Oasis.app and MakerDAO: https://www.youtube.com/watch?v=0Xbl5U-2JRY

Calling all the builders, engineers, and creators!

We're excited to support ETHGlobal's Web3Jam — a two-week long hackathon focused on decentralized media, web3, and NFTs.

We will be awarding multiple prizes totaling $4k for the best and most creative use cases using Gelato🍦🤖

Apply to the hackathon today to build the future of web3 with us!

↳ https://jam.ethglobal.com/

Fireside chat with the mistX Labs team

Today, our Legendary Members Eduardo Carvalho and Luis Schliesske will be joined by Nathan Worsley and Don Vincenzo from mistX labs to discuss their Flashbots Protect API, MEV, and Limit Orders with frontrun protection!

📺 Tune in 40 minutes: https://www.youtube.com/watch?v=bZvEKqJE8i0

Find more details about mistX and Gelato's latest collaboration: https://medium.com/gelato-network/limit-orders-protecc-powered-by-gelato-mistx-labs-and-flashbots-314007c92bc4

Hello creators! Today is the final day for the Art Vernissage submissions!

🎨 Submit your artwork: https://forum.gelato.network/t/gelatos-art-vernissage/206

⏳ Countdown until submission deadline:
https://www.timeanddate.com/countdown/generic?iso=20211106T13&p0=268&msg=Gelato%E2%80%99s+Art+Vernissage+Deadline&font=cursive

📢 Gelato Network is finally available for all developers and users that want to automate transactions on Binance Smart Chain!

The first integration is already live: PancakeSwap Limit Orders on Gelato's Sorbet Finance 🥞🍨


📰 Read the full announcement: https://medium.com/gelato-network/gelato-is-live-on-bsc-with-limit-orders-for-pancakeswap-8fc0940aeeb5

📚Check out the tutorial on how to place limit orders on PancakeSwap: https://medium.com/gelato-network/placing-limit-orders-on-pancakeswap-using-sorbet-finance-25c399d65eb9

Calling all creators!

Gelato’s first creative proposal Art Vernissage is now live!

Show us your creative flavor and win sweet $GEL rewards.

How to participate:

From now to November 6:

1. Make 🍦art

2. Submit your artwork —> Gelato Forum (https://forum.gelato.network/t/gelatos-art-vernissage/206)

3. Share your artwork on Twitter with a short message:

Here is my submission to the @gelatonetwork Vernissage:
<Link to your comment in the Gelato Forum>
<Your artwork image file>


Find full details: https://link.medium.com/hQUxiRhbHkb

We can’t wait to scoop through all of your Gelatolicious art!

Today we are excited to announce our $11 million Series A funding round.

This funding round was led by Dragonfly Capital, with participation from an incredible group of investors, including ParaFi Capital, Nascent, IDEO CoLab Ventures, and Stani Kulechov, Founder and CEO of Aave. We're grateful to have investors who share our vision to become the backbone of automated smart contract execution. From Haseeb Qureshi, Managing Partner of Dragonfly Capital:

"Automation is the heart of DeFi -- instead of people and companies, DeFi uses self-executing autonomous code. Gelato takes this principle a step further to allow bots and scripts to become self-executing and autonomous, completely obviating costly protocol DevOps. We believe this is a core building block of Web 3.0 -- think Heroku for blockchain bots."

We will use this funding to double down on product innovation and expansion, reaching more Web3 developers and projects. The future of Web 3.0 is automated, and we're just getting started.

Here's a thread from our cofounder Hilmar: https://twitter.com/hilmarxo/status/1443568133218865157?s=20

If you'd like to join our small and driven team, we're hiring: https://recruitcrm.io/jobs/Gelato_Network_careers?ref=gelato.network

Thank you to everyone in the community who has helped us over the past two years -- thank you for your support and encouragement. Please stay tuned to hear about more big announcements in the coming weeks.

[New Integration]

MakerDAO Integrates Gelato's G-UNI Token As Collateral!

The G-UNI/MakerDAO integration will benefit key parties, including:

- MKR Holders: Potential higher revenue for MKR holders
- MakerDAO: G-UNI as collateral has the potential to shift parts of this USDC collateral that MakerDAO holds to be utilized in G-UNI pools instead, to prevent the freezing of assets
- Uniswap LPs: Liquidity providers on Uni v3 can earn up to 100x their fees earned on LP positions
- Gelato Community: Significant increase in G-UNI liquidity pool and reduced slippage for larger USDC/DAI trades

Adding the USDC / DAI G-UNI pool is only the first step, with more potential pools like DAI / ETH potentially being added in the near future!


https://www.cryptodaily.co.uk/2021/09/Maker-Dao-Integrates-Gelato-Network-G-UNI-Token-As-Collateral

[New Partnership]

We are thrilled to announce our latest collaboration with Parcel, the treasury management for DAOs on Ethereum, to automate recurring payouts for DAOs and their contributors.

Parcel will be utilizing Gelato by allowing DAOs to implement auto-salary payments to their contributors in any token or ETH itself. Instead of treasury managers needing to pass votes or having to cross-sign multiple signatures every week or month, they can easily integrate Gelato’s auto-payment feature and set it and forget it.

Learn more ↓

link.medium.com/4MSeMprbBjb

Dear Gelato community member,

We appreciate your patience thus far whilst we investigated the unexpected events that occurred during the Public Token sale, specifically in the Dolphin Pool. We’ve released a public statement on Gelato’s Official Medium to clear things up.

Here is our Open Letter to the Community:

https://link.medium.com/grKUfgxcyjb

We look forward to discussing this constructively with you all!

Couldn't be more excited about today — the launching of GEL token, and the future of automation, too.

We've been working on Gelato Network for almost two years, here's our origin story >> https://twitter.com/gelatonetwork/status/1437393124129640456

"Every system that can be powered by smart contracts will be powered by the smart contracts." - Hilmar Maximilian Orth, Co-founder and Legendary Member of Gelato Network

⏳ Less than 11 hours until the GEL token sale starts

• Bookmark Sorbet Finance: https://www.sorbet.finance/#/token-sale
• Add Token Sale event to your calendar: https://www.addevent.com/event/XF8597131
• Read the step-by-step guide and get prepared: https://medium.com/gelato-network/how-to-participate-in-the-gel-token-sale-b9be3a297d3a

—
⚠️ Please remain cautious ⚠️

❌ The Gelato team will NEVER DM you first or contact you asking for funds
❌ $GEL token will not be available until the public sale on September 13th, 2021
❌ Check here for all the Gelato official channels

⏰ Less than 2 days left until the $GEL token sale

Gelato's public token sale will take place on Monday, September 13th!

The ONLY way to participate in the token sale is via our Sorbet.Finance 🍧


$GEL


For more information >> https://link.medium.com/CXm3O3Woqjb

⏰ Less than 4 days left until the $GEL token sale

We want to make sure your experience will go as smoothly as possible, please check out the step by step guide -- How to Participate in the GEL Token Sale

https://medium.com/gelato-network/how-to-participate-in-the-gel-token-sale-b9be3a297d3a

Gelato ($GEL) token sale: Sept. 13. Whitelist and KYC: Now CLOSED. No admin will DM you first.

Gelato's public token sale will go live on September 13, 2021. The ONLY way to participate in the GEL token sale is via our Sorbet Finance official website: https://www.sorbet.finance/#/token-sale

- Whitelist: CLOSED
- KYC: CLOSED
- Guaranteed allocation: NO
- FCFS: YES

Learn more about GEL: https://medium.com/gelato-network/gel-token-sale-date-and-whitelist-opening-fc697c814662

Stay tuned for more details, and join us to shape the future of automation in the new web3-powered financial world!


❗️ There is NO information available regarding the $GEL smart contract address at this time. Beware of scammers and fake addresses❗️
❗️$GEL will not be available until the token sale on Sept. 13❗️