Keep3rV1

What is Keep3rV1?

Keep3rV1 is a decentralized platform designed to connect projects requiring DevOps assistance with external teams or individuals, known as keepers. It facilitates job execution through a trustless system while maintaining transparency and fairness.

• Keepers execute tasks ranging from basic transaction calls to complex off-chain processes.
• The platform enables smart contracts to register as jobs, which keepers can then fulfill.
• Compensation for keepers is managed through credits, either provided by tokens or earned via staking liquidity.

Role of Keepers

Keepers act as independent entities executing jobs in the network.

• Keepers can include bots, scripts, or externally owned accounts (EOA).
• They earn rewards in tokens or the native KP3R for completing tasks.
• Some jobs may require specific criteria, like bonded tokens or tenure.

Governance Framework

Keep3rV1 governance ensures minimal overhead and focuses on essential oversight.

• Responsibilities include managing disputes, approving liquidities, and adjusting protocol parameters.
• Governance addresses disputes only when necessary, maintaining a decentralized ethos.

kLP Tokens and Liquidity

Keep3r Liquidity Provider Tokens (kLP) incentivize users to provide liquidity to the network.

• Liquidity providers receive kLP tokens by contributing to approved pools.
• kLP tokens can be burned to recover the original liquidity.
• Fees generated by liquidity provision support protocol governance.

Project Developments

Keep3rV1 has introduced major upgrades to enhance functionality and user experience.

• Multi-chain support and cross-chain communication via Connext data bridging.
• Updated UI and smart contract templates for streamlined onboarding.
• Security audits and enhanced profitability for keepers.

Other Projects in the Fantom Ecosystem

• Scallop: integrates DeFi and traditional banking, promoting mainstream cryptocurrency adoption.
• Circuits of Value: bundles multi-blockchain assets into Ethereum-based NFTs.
• NEXO: enables crypto trading, borrowing, earning, with benefits for token holders.