Keep3r Network (KPR)
Basics
- Announced on:
- Is in beta (21-10-2020).
- Mainnet release:
- From Cointelegraph (21-10-2020):
"Keep3r is a decentralized gig-style marketplace for technical jobs powered by its native token KPR. The platform is intended to give manpower-strapped crypto projects access to specialized labor and technology."
"Keep3r aims to create a marketplace where users can submit jobs or tasks that need to be completed. Jobs include, but are not limited to, calling update() on an oracle, calling harvest() for a yVault, calling vote() on behalf of users, or triggering liquidations. Other users (Keepers) respond to these jobs and complete the specified tasks. You can read more about Keep3r here."
History
"We would like to be very clear and state that Keep3r Network is not an official Yearn product, and that Keep3r Network is not managed by YFI token holders. However, Keep3r was launched by Yearn contributor Andre Cronje, and will likely be used by the Yearn protocol to do various tasks, such as calling the harvest() function for yVaults."
Audits & Exploits
- Bug bounty program can be found [insert here].
- From The Defiant (28-10-2020): "have been audited and reviewed"
Bugs/Exploits
Governance
- From their blog (31-10-2020):
"Governance is designed to have a low overhead, it is only used for the following functions:
- Adding liquidity pools accepted for job credit
- Approving / Revoking Jobs
- Disputing / Slashing / Resolving / Revoking Keepers
- Set KP3RL reward premium
DAO
Treasury
- After the yEarn and SushiSwap merger, it was announced (1-12-2020) that Keep3r will move its treasury towards Sushi.
- From their blog (10-3-2021):
"$2,683,289 earned, will be distributed to bonded keep3rs at bi-annual snapshots based on bonded kp3r over the same period. (451% earnings on bonded kp3r)"
Token
Launch
- From The Defiant (28-10-2020):
“There is no raise, there is no sale, there is no distribution, the supply starts at 0, to earn these tokens you need to register as a Keeper and perform work,” Cronje wrote in a post last week, in a tone similar to the now-legendary YFI token distribution.
Token allocation
Utility
- A governance token (2-11-2020).
- From The Defiant (28-10-2020):
"Certain jobs may carry financial risk, as such, they may only be executed by Keepers that have a minimum financial bond. This bond is registered in the platform’s own KP3R token."
Token Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found [insert here].
- Code can be viewed here.
- Built on: Ethereum
How it works
- From Cointelegraph (21-10-2020):
"Keep3r’s documentation cites tasks as “simplistic as calling a transaction, or as complex as requiring extensive off-chain logic” as examples of the sort of jobs supported by the platform. Employers can also pay KPR to contractors from the fees earned by yield farming KPR and Ether (ETH) on Uniswap."
Fees
Upgrades
Staking
Liquidity Mining
Scaling
Different Implementations
Interoperability
Other Details
Oracle Method being used
"Keep3r is a network that facilitates keepers to perform automated tasks on behalf of requestors. Keep3r is aimed at smaller projects that do not require extremely secure and tamper resistant oracles. Chainlink, however, provides secure, tamper-resistant, and highly reliable oracles that are aimed at high value smart contracts and Fortune 500 entities. Keep3r will integrate with Chainlink so that projects using Keep3r now can seamlessly use Chainlink oracles in the future, if they desire.
Keepers that have successfully completed a substantial number of jobs will be eligible to join the Chainlink network as nodes. These nodes will transition to using LINK (the native currency of the Chainlink network) to perform tasks on the Chainlink network. This results in a seamless integration that will help scale the security and reliability of the Keep3r network."
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
- From their blog (10-3-2021):
"keep3r.live stats
- 19,167 jobs completed
- $5,242,050 payments awarded to keep3rs
- 994 registered keepers
- $1,187,487 keep3r bonds"
Projects that use or built on it
- alphafinance.io
- Alchemix; "Alchemix is now using Keepers to automate some of their key smart contract functions plus they have sponsored new price feeds for ALCX/USD enabling apps across DeFi to support the ALCX token." (28-9-2021).
- bzx.network
- hegic.co
- mushrooms.finance
- lido.fi
- sushi.com
- Synthetix V3 will include a Keep3r implementation (17-1-2021).
- unit.xyz
- yearn.finance
Competition
Pros and Cons
Pros
Cons
Team, Funding, Partners
Team
- Full team can be found [here].
- Andre Cronje
Funding
Partners
- Announced a strategic partnership with Eden Network (28-8-2021).
(:
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