We’ve had some great ideas on the potential use cases of Gelato. As we are speaking, Gelato keeps being implemented into an ever growing group of partner projects. I think now it’s time to consolidate these “abstract” ideas we’ve had into more concrete examples, to draw an even clearer path where Gelato may further expand its footprint.
Since I assume that the majority of us have already experienced various protocols and products, I propose constructing your comment/proposal in the following format:
- Which project(s) you wish that incorporated Gelato, and what this project does.
- What the pain points of that project are when you use it, where Gelato can help
- Whether it needs an existing/similar implementation that Gelato already has done with other projects, or a new framework needs to be developed.
Compared with the previous discussion about the use cases, the difference here is to be as specific as possible, so that the team and the community can have a clear target and therefore it makes it easier for everyone to evaluate if it’s worth further exploring with the said project(s).
I’ll go first.
Ribbon Finance, a protocol that generates yield through derivative trading strategies.
Currently Ribbon has only option trading vaults, e.g. wbtc, eth, usdc, etc. Because the strategies are basically betting on the weekly price volatility, there can be big differences between vaults in terms of APY but these differences are also volatile, which I suspect will continue so with the gradual “decoupling” between assets. Manually monitoring and shuffling your assets between different vaults to chase higher APYs can be daunting, especially everything is volatile. This process could be automated via Gelato based on a couple of parameters, e.g. the previous week’s APYs, the gas and withdraw fee compared to the APY difference, etc.
Old or New:
Afaik there is no existing working product from Gelato that does the similar work.