So wtf is Keep3r Network?

Thread on #KP3R and its role in governing the @kp3r_network devops coordination protocol 🔒

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!

More from All

APIs in general are so powerful.

Best 5 public APIs you can use to build your next project:

1. Number Verification API

A RESTful JSON API for national and international phone number validation.

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https://t.co/fzBmCMFdIj


2. OpenAI API

ChatGPT is an outstanding tool. Build your own API applications with OpenAI API.

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3. Currency Data API

Currency Data API provides a simple REST API with real-time and historical exchange rates for 168 world currencies

🔗 https://t.co/TRj35IUUec


4. Weather API

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Retrieve instant, accurate weather information for
any location in the world in lightweight JSON format.

🔗 https://t.co/DCY8kXqVIK

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प्राचीन काल में गाधि नामक एक राजा थे।उनकी सत्यवती नाम की एक पुत्री थी।राजा गाधि ने अपनी पुत्री का विवाह महर्षि भृगु के पुत्र से करवा दिया।महर्षि भृगु इस विवाह से बहुत प्रसन्न हुए और उन्होने अपनी पुत्रवधु को आशीर्वाद देकर उसे कोई भी वर मांगने को कहा।


सत्यवती ने महर्षि भृगु से अपने तथा अपनी माता के लिए पुत्र का वरदान मांगा।ये जानकर महर्षि भृगु ने यज्ञ किया और तत्पश्चात सत्यवती और उसकी माता को अलग-अलग प्रकार के दो चरू (यज्ञ के लिए पकाया हुआ अन्न) दिए और कहा कि ऋतु स्नान के बाद तुम्हारी माता पुत्र की इच्छा लेकर पीपल का आलिंगन...

...करें और तुम भी पुत्र की इच्छा लेकर गूलर वृक्ष का आलिंगन करना। आलिंगन करने के बाद चरू का सेवन करना, इससे तुम दोनो को पुत्र प्राप्ति होगी।परंतु मां बेटी के चरू आपस में बदल जाते हैं और ये महर्षि भृगु अपनी दिव्य दृष्टि से देख लेते हैं।

भृगु ऋषि सत्यवती से कहते हैं,"पुत्री तुम्हारा और तुम्हारी माता ने एक दुसरे के चरू खा लिए हैं।इस कारण तुम्हारा पुत्र ब्राह्मण होते हुए भी क्षत्रिय सा आचरण करेगा और तुम्हारी माता का पुत्र क्षत्रिय होकर भी ब्राह्मण सा आचरण करेगा।"
इस पर सत्यवती ने भृगु ऋषि से बड़ी विनती की।


सत्यवती ने कहा,"मुझे आशीर्वाद दें कि मेरा पुत्र ब्राह्मण सा ही आचरण करे।"तब महर्षि ने उसे ये आशीर्वाद दे दिया कि उसका पुत्र ब्राह्मण सा ही आचरण करेगा किन्तु उसका पौत्र क्षत्रियों सा व्यवहार करेगा। सत्यवती का एक पुत्र हुआ जिसका नाम जम्दाग्नि था जो सप्त ऋषियों में से एक हैं।
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