Gelato Network has integrated with Zerion to help users manage liquidity when interacting with DEXs. The partnership enables Zerion’s active users to have their Uniswap v3 positions managed automatically. “With this integration, Zerion has become the go-to DeFi aggregator to natively offer fungible Uniswap v3 LP positions at a massive scale,” Gelato said.
Gelato Network addresses liquidity challenges in cryptocurrency markets emanating from extreme price volatility. Wild price swings make it difficult for retail liquidity providers to offer concentrated liquidity on DEXs. 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.”
“Gelato Network is thrilled to work alongside Zerion to offer automated smart contract services within their user-friendly DeFi management platform,” said Hilmar Maximilian Orth, Legendary Member of Gelato Network. “G-UNI makes providing liquidity seamless and automated 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.”
Zerion has emerged as a popular aggregator in the DeFi market. It claims to have powered over $750 million in volume since its launch.
“As a leader in the DeFi space, Zerion is committed to offering users the most comprehensive platform for trading,” said Evgeny Yurtaev, CEO and co-founder at Zerion. “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.”
Zerion will allow users to deploy liquidity to 11 pairs which include: DAI/USDC, USDC/USDT, DAI/USDT, RAI/WETH, DAI/RAI, FEI/USDC, FRAX/USDC, DAI/FRAX, FLOAT/USDC, ETHV/USDC, iETH/USDC.