Gelato Network launches ‘G-UNI’ Uniswap v3 management token By Cointelegraph - Trending Cryptocurrency News | Crypto News Today
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Gelato Network launches ‘G-UNI’ Uniswap v3 management token By Cointelegraph



Gelato Network launches ‘G-UNI’ Uniswap v3 management token

While Uniswap’s highly-touted v3 has been racing to the top of TVL charts as of late, the need for active management has kept some retail participants out of their pools — a problem that a new product from the Gelato Network is aiming to fix.

First teased in a community call last week, the Gelato Network has released today the details of their “G-UNI” Uniswap v3 management system. G-UNI aims to perpetually maintain a liquidity range of 5-10% within the current price of an asset pair, with an oracle network checking prices and rebalancing liquidity pool position ranges every half hour. G-UNI also automatically re-invests trading fees for compounding returns.

Composability and incentives