The Gelato Network is an open marketplace where all parties can enter automation service contracts 24/7 without requiring approval. It facilitates and supports the service contracts between all parties in a non-custodial and trustless manner. Gelato Network does not rely on a central intermediary to fulfill its core functions. Instead, it provides the coordination and incentive mechanisms that ensure multiple executors do not engage in economically inefficient behavior like gas price wars and front-running each other.
The actual operation of the protocol consists of an execution module that coordinates multiple infrastructure services, a task directory that keeps track of the use cases served by the Gelato Network, specific contracts for certain automated transactions, and the software clients that the infrastructure operators run and react to on-chain events and status changes and execute transactions as instructed by the users.
The primary goal of the Gelato Network is the automation of smart contracts on Ethereum and EVM-based blockchains. Still, its mandate extends far beyond other blockchain protocols, Layer 2 networks, and even the traditional financial world. It aims to become the glue that connects all platforms, making the transition between them as automated and smooth as possible.