Keep3r may become a DeFi infrastructure. It does not serve a specific DeFi protocol, but serves the entire DeFi field.
Original title: “KP3R: Serve for “Unsmart” “Smart Contract”
Author: Blue Fox Notes
What is KP3R? Because it is more for programmers than ordinary users, it is difficult for most users to understand what it is through intuitive experience. The KP3R network provides a market of jobs, where one party is the agreement to issue tasks, and the other is the trigger for executing tasks. The person who performs the task is called Keeper, and the task issued by the agreement is the call request of the smart contract. You can refer to the previous article ” What is Keep3r?” “.
Task market
What task requests will the agreement issue?
Before understanding the task request, we need to understand that we often see “smart contracts”. The “smart contract” stops after its logic execution is completed, and needs to be triggered again to execute. In other words, the so-called “smart contract” is not actually “smart” and cannot be executed automatically in many cases.
For example, after people participate in liquidity mining, after rewards are generated, these rewards will not automatically enter the user’s wallet address, but need to “claim”; in Year’s aggregate mining, after obtaining mining token rewards, they need to be sold for exchange In the process of mining, it has a strategy, a lot of work needs to be triggered, and it needs to interact with smart contracts; the transaction of limit orders at Sushiswap also needs to meet the price requirements Trigger; after the option expires on Hegic, a trigger is also needed to unlock its locked funds and so on.
There are a large number of tasks on the current smart contract that need to be triggered to execute (triggering liquidation, calling oracles, unlocking collateral, etc.). This is why there are many tasks (jobs).
The size of these jobs directly determines the upper limit of KP3R in the future. The core of how high KP3R can reach depends on the size of the jobs market. With the development of the DeFi protocol, KP3R will have more and more tasks, and its market size will also increase. However, it is still unclear how big it is.
Keeper
KP3R’s task market has a lot of tasks that need to be triggered, but can these triggered tasks be completed by the DeFi protocol itself through automated robots? Why do we need keeper? This is also related to the pursuit of the DeFi protocol. In the end, DeFi wants to achieve its goal of decentralization. It needs not only automation, but also decentralized automation.
Keeper can help Yearn vault users trigger claims and trigger liquidation in the currency market. There is not only one keeper in this market, but there are many. This ensures that when one keeper does not accept tasks, other keeper can accept tasks.
In order to become a Keeper, they need a pledge deposit to prevent the keeper from doing evil. Some tasks may require a minimum pledge amount. The pledge deposit uses KP3R, which also creates a demand for KP3R. If the Keeper does evil, the KP3R pledged by it will be fined. As of the time of Blue Fox’s writing, the number of KP3R pledged reached 2758.96, valued at 1,224,178.21.
KP3R and Keep3r in pledge
KP3R becomes the basic layer of DeFi
There are many basic layers in DeFi, such as the oracle field, and KP3R is also a basic layer. It does not serve a specific DeFi protocol, but serves the entire DeFi field.
Of course, from a lower level perspective, KP3R can have the service of an oracle, which can help the agreement solve the price feeding problem. At this time, the node of the oracle becomes the Keeper that performs the task.
KP3R data
jobs market
As of the writing of Blue Fox Notes, the total credits in the job market exceeded 140KP3R, and the keeper who has earned the most revenue so far earned 773.4942 KP3R.
The current jobs on Keep3r, Keep3r
Keepers with the most revenue on Keep3r, Keep3r
Keeper number
As of the time of writing the Blue Fox Notes, the number of keepers on keep3r has reached 835, which is quite a lot.
Keeper on the current Keep3r, Keep3r
Number of tasks completed and rewards
As of the writing of Blue Fox Notes, Keep3r has completed 5,646 tasks, and the total number of KP3R rewards has reached 982.64.
The current number of tasks completed on Keep3r, Keep3r
Reserve funds
As of the writing of the Blue Fox Notes, the value of Keep3r’s reserves reached US$15,129,533.69, including 22,194.78 KP3R, accounting for 11% of the total KP3R tokens.
Demand for KP3R
KP3R as a pledge deposit
With more and more DeFi protocols that need to trigger services, there is an increasing demand for KP3R, because if you want to become a Keeper, if you want to earn fees in the job market, you first need to pledge KP3R.
As mentioned above, the current number of KP3R pledged on the keep3r network reached 2758.96, and the total value of the pledge deposit accounted for more than 1.22 million US dollars, accounting for 1.37% of the total KP3R (the total number of KP3R was 200,991). The pledged KP3R deposit has a 14-day withdrawal period to ensure that Keeper will not do evil.
Provide liquidity for KP3R
The DeFi agreement party that issues the task needs to pay a fee. The payment method can be tokens, ETH, or by providing liquidity for KP3R. For example, in Uniswap or Sushiswap, users can obtain credits by providing liquidity for KP3R/ETH, and then use these Credits to generate KP3R payments to the Keeper who performs tasks.
Currently, there are 4802 tokens that provide liquidity for KP3R on Uniswap, accounting for approximately 2.39% of the total KP3R.
Agreement fee
When the task is paid in ETH or tokens, KP3R will charge a fee of 0.03%.
