Gelato is a decentralised backend for Web3 applications. It provides a range of services for developers, facilitating the creation of smart contracts that are automated, gasless, and capable of off-chain operations. Gelato functions across major EVM-compatible blockchains, enhancing the capabilities of smart contracts with advanced automation and integration features.
Gelato operates on a network of node operators that manage its services, which eliminates centralised points of failure while ensuring redundancy and security. It supports EVM-compatible blockchains like Ethereum, and utilises services such as Web3 Functions for off-chain data connectivity, Automate for transaction execution, and Relay for gasless transactions. By integrating with existing blockchain infrastructure, Gelato enables sophisticated smart contract functionalities efficiently.
Gelato's technology is applicable in various domains, including:
Notable applications and partnerships include its integrations with projects like AAVE, Sushiswap, and MakerDAO, which rely on Gelato’s capabilities for transaction automation.
Gelato was founded by Hilmar Orth and Luis Schliesske, with a background in developing smart contract applications for European companies. It launched in late 2021 and quickly grew, achieving a substantial market presence in decentralised smart contract automation. Significant milestones include a GEL token sale in September 2021, a Series A funding round raising $11 million, and integrations with platforms like MakerDAO and Gnosis Safe. As Gelato continues to evolve, it expands its decentralisation and technology capabilities, supporting various blockchain infrastructures and enhancing developer offerings.