Zerion, a decentralized finance (DeFi) aggregation platform, announced today its integration of the Gelato Network, a protocol that automates smart contract executions on networks like Ethereum.
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G-UNI, an automated liquidity provision ERC-20 framework for Uniswap v3, will allow users of Zerion to have their Uniswap v3 positions managed automatically to maximize their returns.
DApps powered by Gelato Network provide users the same capabilities as professional liquidity providers by automating the process of fee compounding and rebalancing around the current price.
Gelato Network aims to solve issues such as the lack of reliability, sophistication, and centralization for dApps that want to offer their users automated smart contract executions via its plug-and-play, decentralized network of bots – that execute these transactions on their behalf.
Now, with these new G-UNI pools available on Zerion, projects can offer new capital-efficient liquidity mining programs that have come to define Uniswap v3.
“Gelato Network is thrilled to work alongside Zerion to offer automated smart contract services within their platform. G-UNI makes providing liquidity seamless through bots that automatically reinvest fees, automatically rebalance ranges to maximize liquidity depth; while making liquidity provider positions fungible, similar to how Uniswap v2 LP positions work.”
– Hilmar Maximilian Orth, Legendary Member of Gelato Network
Most recently, Gelato Network launched G-UNI positions within the InstaDapp platform as part of its governance token. Soon, Zerion and Gelato Network intend to deploy more Uniswap v3 pools; so that users can provide liquidity to a multitude of pairs.
“Zerion is committed to offering users the most comprehensive platform for trading. We believe this integration with Gelato will be massively beneficial to the millions of decentralized finance users. And we will continue to explore integrations that will allow us to deliver the premier DeFi interface.”
– Evgeny Yurtaev, CEO & Co-Founder at Zerion
To start, Zerion will allow users to deploy liquidity on 5 stablecoin pairs including:
- DAI/USDCUSDC/USDT
- FEI/USDC
- DAI/USDC
- FRAX/USDC
As one of the most successful DeFi aggregation interfaces – now currently tracking over 60 protocols – Zerion has amassed over 200,000 active users while powering over $750,000,000 in monthly volume. Plus, Zerion offers users non-custodial access to DeFi and supports trading of all Ethereum-based assets.
Earlier this month, Zerion raised $8.2M through their Series A funding. The raise was led by Mosaic Ventures with participation from Placeholder, DCG, Lightspeed, Blockchain.com Ventures, and others.