Smart contract automator Gelato brings liquidity management to Zerion

[Cordillerabit]

Gelato Network, a protocol that automates smart contract executions on Ethereum (ETH), has integrated with decentralized finance (DeFi) aggregator Zerion to help users better manage liquidity when interacting with decentralized exchanges (DEXs) like Uniswap.

The partnership enables Zerion’s over 200,000 monthly active users to have their Uniswap v3 positions managed automatically, Gelato Network announced Tuesday. “With this integration, Zerion has become the go-to DeFi aggregator to natively offer fungible Uniswap v3 LP positions at a massive scale,” they said.

Gelato Network has been designed to address liquidity challenges in cryptocurrency markets emanating from extreme price volatility. Wild price swings, like the kind we saw in May, make it difficult for retail liquidity providers to offer concentrated liquidity on DEXs without opening themselves up to significant risks. The company explained:

“DApps powered by Gelato Network address this shortcoming, by allowing users to have the same capabilities as professional liquidity providers by automating the process of fee compounding and rebalancing around the current price.”
Zerion has emerged as a popular aggregator in the DeFi market. It claims to have powered over $750 million in volume since its launch.

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