Gelato Network Community Proposes to Release G-UNI as Separate DAO From Gelato and Rebrand it as Arrakis Finance

The Gelato Network community, an Ethereum smart contract automation hub, has launched a proposal to spin off the Gelato Network internal DeFi use case, G-UNI, as a standalone project. Once the proposal is approved, G-UNI will be rebranded as Arrakis Finance and will release the governance token $SPICE. It is reported that G-UNI is reportedly an in-house DeFi application built by Gelato core developers to showcase the power of Gelato’s automation infrastructure.