The partnership enables Zerion’s retail users to provide liquidity without the fear of volatility.
Gelato Network, a protocol that automates smart contract executions on Ethereum (ETH), has integrated with decentralized finance (DeFi) aggregator Zerion to help users better manage liquidity when interacting with decentralized exchanges (DEXs) like Uniswap.
The partnership enables Zerion’s over 200,000 monthly active users to have their Uniswap v3 positions managed automatically, Gelato Network announced Tuesday. “With this integration, Zerion has become the go-to DeFi aggregator to natively offer fungible Uniswap v3 LP positions at a massive scale,” they said.
Gelato Network has been designed to address liquidity challenges in cryptocurrency markets emanating from extreme price volatility. Wild price swings, like the kind we saw in May, make it difficult for retail liquidity providers to offer concentrated liquidity on DEXs without opening themselves up to significant risks. 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.”
Zerion has emerged as a popular aggregator in the DeFi market. It claims to have powered over $750 million in volume since its launch.
Related: DeFi aggregator Zerion snags $8.2M in Series A
Zerion concluded a highly successful Series A funding round last month led by Mosaic Ventures with participation from Digital Currency Group and Blockchain.com Ventures.
DeFi continued to be a magnet for capital and new users in the second quarter despite a massive decline in digital asset prices. By June 30, DeFi protocols had been used by 2.91 million Ethereum addresses, according to new research by ConsenSys. Non-custodial wallets also registered significant user growth, with MetaMask recording 8.5 million monthly active users by the end of July.
Related: How cross-chain liquidity aggregation can shape the future of DeFi