One small step for DeFi, one giant leap for mass adoption. DeFi has a lot of potential but isn't the easiest to use.

19 Sep 2023, 18:24

One small step for DeFi, one giant leap for mass adoption! DeFi has a lot of potential but isn’t the easiest to use. Txs are often confusing, and hidden fees can make things even more complex. The Galaxy Broadcasting System, a fusion of Gelato Relay & @portals_fi , revolutionizes transactions. Instead of the usual process, it uses 'intents' where you specify your input token and desired result, and the rest is handled for you. This means gasless, one-click execution of complex orders with no failures! Gelato Relay lets you avoid using native tokens for gas fees. You can pay with various tokens, and the Galaxy Broadcasting System simplifies the process. Users sign orders (intents) to describe what they want to do, and Portals figures out the best route using its Warpdrive algorithm. Gelato then quickly executes the transaction, handling gas and other complexities, making it a hassle-free, gasless process! This integration with Gelato is seamless, sparing the need for GBS creation from scratch, and leverages USDC for its 1balance payment system. This removes the necessity for the Portals team to handle gas tokens across multiple networks, effectively reducing overhead and development expenses, and allowing them to concentrate on enhancing their core product. Additionally, traders can trade worry-free, as concerns about gas, gas prices, failed transactions, or the need to queue and submit multiple transactions on various dApps are eliminated. In just a few seconds, the trader's intent becomes reality, creating the desired position seamlessly and gaslessly in a single transaction! Read more to find out how this integration is bringing DeFi closer to mainstream usage ↓