Gelato Proposal: Allocating 20% of GEL Supply for Future Financing Rounds

On April 7th, a recent proposal from Gelato proposed to allocate approximately 20% of the total GEL supply or approximately 43% of current Gelato DAO funds to future financing rounds to accelerate Gelato’s growth and achieve its roadmap 2.0. The funds will not be distributed or sold to investors at once, but will be sold in batches based on market conditions and GEL prices.

Gelato: Propose to allocate 20% of GEL’s total supply or 43% of DAO funds for future financing rounds

Introduction

Gelato, a decentralized protocol that automates smart contract executions on Ethereum, recently proposed allocating approximately 20% of the total GEL supply or approximately 43% of current Gelato DAO funds to future financing rounds. The proposal aims to accelerate Gelato’s growth and achieve its roadmap 2.0 by providing ample resources for future developments.

What is Gelato?

Before delving into the proposal, let’s understand Gelato’s protocol and its mission. Gelato is an open-source protocol that automates smart contract executions on Ethereum. Based on a user-defined trigger condition, Gelato’s bots monitor the blockchain and execute tasks automatically without the need for human intervention. This decentralized automation allows developers to focus on developing applications instead of maintaining them.
The protocol aims to simplify the execution of smart contracts by providing users with an easy-to-use, customizable platform. With Gelato, developers can automate any smart contract function without having to write any backend logic. This automation can save time and resources, reduce errors, and eliminate the need for intermediaries.

What is the Gelato Proposal?

Gelato’s recent proposal aims to allocate approximately 20% of the total GEL supply or approximately 43% of current Gelato DAO funds to future financing rounds. At the time of writing, the total GEL supply is approximately 367 million tokens, and the Gelato DAO funds are worth approximately $34 million.
The proposal suggests that the funds will not be distributed or sold to investors at once. Instead, they will be sold in batches based on market conditions and GEL prices. This strategy aims to ensure a fair market price for the tokens while providing ample resources for future developments.

Why does Gelato Need Financing?

As a startup, Gelato needs financing to achieve its goals and develop its products. The proposed funding will allow Gelato to expand its development team, accelerate product development, and execute its roadmap 2.0. The roadmap includes developing a marketplace for Gelato bots, integrating with other DeFi protocols, and implementing new functionalities based on community feedback.
By allocating funds to future financing rounds, Gelato aims to ensure continuous development and growth. This strategy will also provide opportunities for investors and the community to participate in Gelato’s future success.

Gelato’s Growth Potential

Gelato’s protocol has the potential to revolutionize smart contract execution and automation. By simplifying the execution of smart contracts and allowing for decentralized automation, Gelato can drive adoption and usage of Ethereum-based applications. With the proposed funding, Gelato can accelerate its product development, expand its user base, and establish itself as a leader in the DeFi space.

Conclusion

Gelato’s proposal to allocate approximately 20% of the total GEL supply or approximately 43% of current Gelato DAO funds to future financing rounds is a strategic move that aims to accelerate Gelato’s growth and achieve its roadmap 2.0. The proposed funding will provide ample resources for future developments and opportunities for investors and the community to participate in Gelato’s success.

FAQs

1. What is Gelato?

Gelato is a decentralized protocol that automates smart contract executions on Ethereum. Its bots monitor the blockchain and execute tasks automatically based on user-defined trigger conditions.

2. What is the Gelato proposal?

Gelato’s proposal suggests allocating approximately 20% of the total GEL supply or approximately 43% of current Gelato DAO funds to future financing rounds to accelerate Gelato’s growth and achieve its roadmap 2.0. The funds will not be distributed or sold to investors at once but will be sold in batches based on market conditions and GEL prices.

3. What is Gelato’s growth potential?

Gelato’s protocol has the potential to revolutionize smart contract execution and automation. With the proposed funding, Gelato can accelerate its product development, expand its user base, and establish itself as a leader in the DeFi space.