Keep3r Network provides a way for protocols to post 'jobs' - or smart contract call requests - to 'keepers' - or those willing to perform those tasks.
Think liquidations, fee collections, oracle calls or collateral unlocks.
Great explainer by
@Ceazor7 🔽
https://t.co/q2hoq9yxOU
If you need a job done constantly, Keep3r provides a way to post it on a public job board, and allow keepers to pay the gas to perform it in exchange for a reward.
Jobs can be paid in #KP3R, $ETH, or tokens like $AAVE
Existing Jobs at
https://t.co/BgNscluKCc 🧠
The harder the job, the more sophisticated the keeper needs to be.
Jobs can require bonds, meaning a keeper needs to stake #KP3R to execute the task and collect their loot.
769 keepers have bonded 3115 KP3R (~$1M) to complete 4000 jobs.
h/t
@zashtonEth https://t.co/6rish4fJGx
So who's using this?
Here's a case study from
@Macarse on how keepers are unlocking
@HegicOptions collateral for withdraws upon expiry 🌔
TLDR: Post #KP3R credits that are consumed by keepers as different options are unlocked.
https://t.co/aPKd06Dm3J
Teams can make direct payments, spending ETH or tokens.
Alternatively, they can provide liquidity and get #KP3R credit.
This opex vs capex tradeoff allows those testing in prod to pay less for jobs by removing unused credits at any time.
https://t.co/neZXnPr7R8
We can extrapolate this to any time a smart contract needs to be called to harvest tokens or verify an onchain interaction.
While anyone can create a job, only those whitelisted through #KP3R governance can be posted.
Ongoing requests on the Keep3r forum
https://t.co/SvF7mPYzxL
And why would people govern this whitelist?
Keep3r takes a 0.03% fee when a job is paid in ETH or tokens other than #KP3R.
The treasury currently holds ~$13.8M, $5.5M of which is currently earning yield on
@AlphaFinanceLab 🚀
https://t.co/hOzuaaDMFA
Now, the goal is to get more keepers to bond #KP3R.
The more bonded #KP3R, the more trusted keepers can be to act honestly and perform complex work.
Bonds are subject to a 14 day cooldown, meaning job owners can be confident keepers will not enter and exit maliciously.
Key Takeaways:
- Keep3r generalizes expediting onchain tasks using a trusted bounty system.
- Keepers are earning handsome fees, and more jobs are being posted every day
- While highly technical, the protocol serves a crucial backend role as #DeFi expands.
Learn more at
https://t.co/nNf2TPIPsq List of #KP3R governance topics
https://t.co/QBHuuuB6VQ Special thanks to
@AndreCronjeTech for dealing with my dumb questions 🙈
Disclaimer:
@kp3r_network is a community run account not officially affiliated with the project.
Keep3r has no official socials and all discussions happen on the forum.
Stay safe out there!