Hilmar Maximilian Orth, Founder of Gelato Network and Arrakis Finance
Jan 23, 2024
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The podcast delves into the journey of Hilmar Orth, founder of Gelato Network, and the automation of smart contract maintenance. They discuss the allure of DAOs, challenges in DeFi automation, Gelato's role in layer two solutions, and the evolving landscape of blockchain ecosystems. Additionally, they explore on-chain liquidity management, infrastructure reliability, and friction reduction in Gelato Network services.
Gelato Network, founded by Hilmar Maximilian Orth, provides automated smart contract and rollup maintenance services, aiding protocol developers. Gelato's network automates EVM transactions and offers rollup tools to launch attract developers.
Excitement About Blockchain Architecture
Blockchain architecture allows user-centric data control, enabling the development of diverse applications without siloed data. The speaker highlights blockchain's potential for social media and financial applications, emphasizing the user's data control and blockchain's transparent nature.
Key Role of Smart Contract Automation
Gelato's focus on smart contract automation stemmed from the need to streamline automated processes within DeFi. This automation aids lending markets, liquidations, and compound interest, aiming to enhance DeFi adoption by automating transaction processes, offering a unique solution not widely available previously.
Customers and Automation Services
Gelato's automation tools cater primarily to protocol developers, streamlining decentralized application operations like protocol maintenance, transaction relaying, and revenue transfers. With a diverse customer base, including prominent projects like MakerDAO and Synthetix, Gelato offers automation solutions ranging from simple tasks to more complex operations across multiple chains.
Decentralization and Redundancy in Web3 Networks
Web3 networks emphasize the importance of decentralization as an added layer of redundancy to ensure reliability and uptime. While traditional Web 2 technologies rely on multi-regional and multi-cloud setups for reliability, Web3 networks implement decentralization as an extra redundancy mechanism. Decentralization, coupled with client diversity, enhances the network's resilience by distributing workload and reducing dependency on individual nodes.
Arrakis, a decentralized on-chain liquidity management platform developed within Gelato, aims to provide sophisticated algorithmic market-making services on-chain. The project addresses the complexity of liquidity management in DeFi, offering a trust-minimized alternative to centralized exchanges. By enabling liquidity providers to retain custody of their funds transparently on-chain, Arrakis streamlines trade execution and liquidity services in a decentralized and secure manner.
My guest today is Hilmar Maximilian Orth, founder of Gelato Network and Arrakis Finance.
Gelato is a service provider that helps protocol developers automate smart contract and rollup maintenance. Gelato's network of nodes automate and relay EVM transactions to many EVMs. Gelato also supplies rollup as a service tools to help new rollups launch with the necessary infrastructure to attract third party devs.
It was great getting to chat with Hilmar about his journey building Gelato, how the company's products fit together, and what's next for the EVM ecosystem. I hope you enjoy the show.
As always, this show is provided as entertainment and does not constitute legal, financial, or tax advice or any form of endorsement or suggestion. Crypto has risks and you alone are responsible for doing your research and making your own decisions.
