TechFlow News, March 14 — A proposal within the Ethereum community suggests spinning out G-UNI, an internal DeFi use case of Gelato Network—the automated execution tool for Ethereum smart contracts—into an independent project. The proposal states that G-UNI is an internal DeFi application built by core developers of Gelato to demonstrate the capabilities of Gelato’s automation infrastructure. However, to date, G-UNI has grown to hold over $500 million in total value locked (TVL), making it the largest liquidity provider (LP) on Uniswap v3. Additionally, numerous major DeFi projects—including MakerDAO, Aave, Fei, Frax, and Angle—have already adopted the product for liquidity mining.
According to the proposal, upon approval, G-UNI will be rebranded as Arrakis Finance and will launch a governance token named SPICE.
