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Luis Schliesske & Hilmar Orth: Gelato Network - Web3 Backend Automation & Relay

Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies

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The Fundamental Problems With Smart Contract Automation

Einstein: The problem with smart contract automation kind of boils down to the fact that smart contracts don't do anything unless they're poked. So when you can't really say if this happens to that, then basically if that has happened, someone needs to tell the smart contract, hey, check again, sort of thing. And so we realized that DFI, especially in DFI at the beginning, the use case array is just infinite. We wanted to solve it in a generalistic way. It's not only the Dutch exit has that problem. If you want to do limit orders on Uniswap, for example, or liquidations for lending protocols, it's the same problem

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