QAO announces partnership with Gelato Network to deploy G-UNI liquidity pools

QAO announces partnership with Gelato Network to deploy G-UNI liquidity pools

Cryptocurrency
September 16, 2021 by Editor's Desk
3323
With UniswapV3 volumes continuing at full speed and more innovative tools in DeFi being built on top, this is an important partnership for QAO to position themselves at the peak of innovation in terms of mechanics behind DEXs. QAO has started working in collaboration more tightly with Gelato in order to provide a customized solution
QAU partnership with Gelato

With UniswapV3 volumes continuing at full speed and more innovative tools in DeFi being built on top, this is an important partnership for QAO to position themselves at the peak of innovation in terms of mechanics behind DEXs. QAO has started working in collaboration more tightly with Gelato in order to provide a customized solution with G-UNI pools deployment. This will now let the QAO community lock liquidity while also providing an automated way for smart contracts to reinvest fees, a feature that is not available in Uniswap. 

This is definitely something a lot of projects that launched on Uniswap V3 are looking for and we are confident Gelato Network will keep contributing positively to the whole DeFi world. The main problem behind this comes from the upgrades of features of Uniswap from V2 to V3. Price-ranges initiated liquidity pools and manual fees collection has caused some innovation to naturally be built upon. At the same time, these new features have also been well received with great awareness and enthusiasm from crypto-traders and AMMs fanatics.

Uniswap v3 is now the leading DEX in terms of trading volume, recording an average of $1.2 billion in daily transaction volume so we are looking forward to more positive effects from this partnership, 

In short, G-UNI pools will enable QAO to redistribute more rewards to QAO Stakers with these active and concentrated liquidity pools.

 

As it has now become more important than ever to be able to have solid management solutions for liquidity pools while showing transparency and opt for security as a priority. Adding a lock feature while still benefiting from automation of active liquidity and LP fees redistribution as rewards at the same time is a great achievement in the world of Defi, especially as Gelato Network is working on a rollout on Optimism in the future to reduce gas fees. It is now confirmed that both these projects have solid fundamentals as we can also celebrate GEL Token from Gelato Network which just ended its first sale phase that sold out with winds in their veil.

Two great crypto projects working together to implement customized code to facilitate automated results in smart contracts with good efficiency is definitely something traders should keep an eye on.

This has become increasingly important as new mechanics behind V3 start to manage more and more liquidity. 

This is still early to see a huge impact for QAO Stakers but this can create a significant positive impact on the value of the whole community as the volume will keep growing. 

Immutable code and better-automated rewards

As the ultimate goal of QAO is to make evolve a decentralized system that automatically rewards the community,

This is a great step toward innovation for automation and optimization of LP fees.

G-UNI aims to perpetually maintain a liquidity range of 5-10% within the current price of an asset pair, with an oracle network checking prices and rebalancing liquidity pool position ranges every half hour. G-UNI also automatically reinvests trading fees for compounding returns.

In the future, Gelato affirms that inputs and parameters for G-UNI pools can come from the decision-making process from DAOs, which would have been a great add-on.

But we are sure to have support from the community as a decentralized vote has been made and proven on the blockchain with staking/voting process from qao smart contracts. 

Link: https://app.qao.io/vote/2

We are excited to see what both teams have upcoming where we hear QAO coming with NFTs and Gelato keeps helping projects with new features around the possibility to create incentives for adding liquidity without affecting native governance tokens. 

This is a huge breakthrough for the DAOs in the world of DeFi.

By combining the newest technologies in DeFi and customizing their own smart contracts to make the ecosystem contribute to the community, in a secured and optimized way the developers behind QAO and Gelato Network have reasons to be proud with their solid immutable code running forever on Ethereum Blockchain.