GELATO’S PROPOSAL TO ACCELERATE GROWTH WITHIN DAO

On April 7th, a recent proposal from Gelato proposed to allocate approximately 20% of the total GEL supply or approximately 43% of current Gelato DAO funds to future financing rounds to accelerate Gelato’s growth and achieve its roadmap 2.0. The funds will not be distributed or sold to investors at once, but will be sold in batches based on market conditions and GEL prices.

Gelato: Propose to allocate 20% of GEL’s total supply or 43% of DAO funds for future financing rounds

Introduction

On April 7th, Gelato, the automation infrastructure for dApps, proposed a financial allocation plan that aims to accelerate its growth and achieve its roadmap 2.0. This proposal includes allotting 20% of the total GEL supply or approximately 43% of current Gelato DAO funds to future financing rounds. The funds will not be distributed or sold to investors at once but will be sold in batches based on market conditions and GEL prices.

What is Gelato DAO?

Before discussing the proposal, having a basic understanding of Gelato DAO is important. Gelato DAO is an on-chain infrastructure that enables developers to automate smart contract executions via a plug-and-play interface. It enables users to pay for transaction executions and other services using GEL tokens, the native token of the platform.

What is Proposal 2.0?

Proposal 2.0 is Gelato DAO’s future roadmap, designed to align GEL token holders’ interests with the platform’s future growth. The proposal aims to establish underwriting facilities to enable Gelato to raise commit capital, and to subsidize operations to reduce costs for users. Developers will be incentivized to build on the platform with the allocation of a GEL token-governed developer fund. Ultimately, Proposal 2.0 aims to achieve Gelato’s goals, which are to be the automation infrastructure for all dApps.

Why is Gelato proposing this allocation?

The proposed allocation is necessary for Gelato’s proposed financing rounds. Given the highly competitive nature of the DeFi industry, raising capital to facilitate growth is a constant challenge. To achieve their proposed roadmap, there is a need to accumulate more capital. The funds are expected to aid in the development of Proposal 2.0 and accelerate Gelato’s growth.

How will the funds be distributed and for what purposes?

To ensure a successful funding round, distributions will be based on the current market conditions and GEL token prices. At the same time, funding will be allocated towards Gelato’s growth objectives, including:
– Establishing underwriting facilities that allow Gelato to raise committed capital.
– Subsidizing operations to keep costs low.
– Incentivizing developers to build on the platform using a GEL token-governed developer fund.

What are the benefits of this proposal?

The Gelato DAO proposal will have the following benefits:
– Gelato can achieve its roadmap 2.0 with greater ease and efficiency.
– The allocation of funds towards underwriting facilities will help Gelato raise capital, which would ultimately increase overall liquidity.
– The creation of a developer fund will incentivize developers to build on the platform, which would increase the platform’s user base and market share.
– This proposal could enhance GEL’s value proposition and lead to the increase of the token’s value.

Conclusion

In conclusion, Gelato’s proposal to allocate funds to finance its growth is a vital step towards achieving Proposal 2.0. The proposal would accelerate the development of Gelato’s platform on current and future financing rounds. The allocation of funds towards underwriting facilities and a GEL token-governed developer fund would make it easier for Gelato to raise the capital necessary for growth. This proposal’s long-term positive effects are worth considering, and it could potentially enhance the overall value of the GEL token.

FAQs

1. Why is Gelato DAO relevant to the DeFi industry?
Gelato DAO is relevant to the DeFi industry because it provides infrastructure that enables dApp developers to automate the execution of smart contracts with plug-and-play interfaces.
2. What is the total GEL supply?
The total GEL token supply would refer to the maximum number of GEL tokens that were created by Gelato DAO and are in circulation at any given time.
3. What is the market condition required for the sale of GEL tokens?
The sale of GEL tokens will depend on the current market condition and GEL prices. Top factors influencing the market condition for GEL includes the market demand and the supply of GEL tokens.