Glacier

Glacier

Zapier for DeFi

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The problem Glacier solves

Investing in Cryptocurrencies in a sense is risky and it is also difficult to understand DeFi Jargon, Glacier tries to solve both of these by offering gasless defi experience powered by Gelato Network Relay. To make investing even more compounding, Superfluid money streams are used fund the SIP contracts so user can enjoy compounding without have to pay upfront.

Glacier offers 3 products

  1. Glacier Portfolio Rebalancer - Automatically swaps tokens based on predefined logic using Gelato Automation and Uniswap
  2. Glacier SIP - Offers systematic buying experience without head work.
  3. Glacier Triggers - Set trigger to do actions, set buy token action when you receive a token.

Glacier Portfolio Rebalancer
The user first creates a vault, deposit the tokens on button click gasless, a automation task is created on Gelato Network which then Rebalances the tokens in the vault by selling surplus tokens and buy deficit tokens on Uniswap.

Glacier SIP
The user first create a SIP which creates their own SIP vault, as soon as the user approves the token on the frontend, a Superfluid money stream will be started to their vault contract, now after the interval is hit,Gelato ops calls the function, the vault contract will buy the predefined tokens using Uniswap.

Glacier Actions
This is a pretty interesting feature which lets users to set triggers based on some onchain action. For this MVP, it offers a trigger to buy some token when you recieve some token on chain.

Challenges I ran into

Trying Gelato Network for the first time brought up so many issues but luckliy, the Gelato team helped quickly to resolve.

Discussion