Gelato Releases Tool to Ease Pain of Liquidations
Liquidations are a pain for Defiers, but a new tool aims to prevent them automatically. Decentralized bot network, Gelato Network, released a user interface yesterday which will automatically pay down users’ debt on lending platform Aave if they are close to liquidation. The interface, called Cono Finance, does this by selling some of a user’s…
By: Owen Fernau •
DeFi
Liquidations are a pain for Defiers, but a new tool aims to prevent them automatically. Decentralized bot network, Gelato Network, released a user interface yesterday which will automatically pay down users’ debt on lending platform Aave if they are close to liquidation. The interface, called Cono Finance, does this by selling some of a user’s…
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