A few months ago, following the popularity of Yearn.finance, one of the most successful cryptocurrency projects in history, YFI tokens skyrocketed, and the founder AC (Andre Cronje) also became famous. Even though DeFi is on a downhill road, even if AC’s new projects roll over (EMN, LBI) one after another, people still have expectations for AC with a dazzling halo.
Recently, AC launched a new project Keep3r in a low-key manner, perhaps because it did not want to attract speculators in the project development stage. This time he did not twee or blog to reveal the new project. It was not until the V1 beta release that it started on Medium. Update project dynamics.
However, according to Cryptoslate, after he deployed the KRP contract, speculators found the address of the project through his Github and recharged it, making the price of the project’s KP3R tokens in just 6 hours It skyrocketed a hundredfold.
So, what kind of project is Keep3r? In addition to AC endorsement, is there any other value support?
“Zhubajie.com” in DeFi
According to the official website, Keep3r Network is a decentralized outsourcing platform. Projects that require support from devops can publish tasks on the platform, and workers/teams can also receive orders and receive digital currencies such as ETH as compensation. On Keep3r, the worker/team is Keeper, and the task released by the project party is Job.
Jobs does not limit the degree of difficulty. The project party needs to register for Jobs, and Keepers also need to register. Both parties can choose each other through the platform. Keepers will build their devops and infrastructure, and create their own rules based on transactions that they feel are worthwhile.
Although Keep3r is decentralized, this does not mean that no one manages Keepers and Jobs. The project has designed a governance mechanism. Only Keepers bound with KP3R deposits can participate in governance. Once bound, these governance Keepers can exercise voting rights or delegate to another party.
The core function of governance is to approve Jobs, and governance Keepers will review Jobs’ contracts. For ordinary Keepers, governing Keepers also has certain management rights, including raising/resolving disputes, reducing or revoking Keeper permissions.
The project party can publish Jobs through governance and contract. It can either submit a briefing through governance and wait for governance approval, or call addliquitytojob (address, uint) on the Keep3r contract to register Jobs. In this way, there cannot be any currently valid Jobs. Link to this account.
Image source: Keep3r network, OKEx Insights
After the completion of Jobs, the project party can currently choose to reward Keeper in three ways: direct payment of ETH, direct payment of tokens or indirect payment of tokens to Keeper by providing liquidity.
At present, Keep3r has just released the V1 beta version, and it is still being improved. On November 2, YFI founder Andre Cronje tweeted that the community will discuss its latest experimental centralized job market network Keep3r. The main topics include the increase of Keep3r rewards, liquidity pools, and three core themes of fund distribution and governance rewards.
On the whole, Keep3r is like the “Zhu Bajie Network” of the DeFi world. However, due to its decentralized nature, in addition to being responsible for Keeper and Jobs through governance, there is no need to intervene too much between the project party and Keeper, nor does it need to Responsible for the effect of Keeper service. On the other hand, Keep3r also has no pressure to make profits. Zhubajie.com relies on drawing profits from remuneration. Keep3r has its own token KP3R. The Keep3r team can rely on the increase in currency prices brought about by the development of the project to make profits.
For industry development, the emergence of Keep3r will help optimize the allocation of technical resources, help project parties obtain outsourcing services that meet their needs, promote technological development and DeFi innovation, and Keepers itself can achieve Amber’s “flexible employment”, which may be possible in the future Become a cardiotonic for DeFi.
The price of speculation
Although the Keep3r contract was deployed by speculators at the beginning of the deployment, KP3R also skyrocketed, but it quickly rebounded from $2,000 and fell below $100. It is exactly what OKEx CEO Jay Hao said: “Only 1% of DeFi projects have the possibility of success. Don’t use speculation as investment.”
Although this is caused by AC re-deploying the contract many times in order to eliminate the bug in the contract. But this pot should not be backed by AC, after all, AC did not make any publicity on social media at that time. With the launch of the Keep3r V1 beta version, many CEXs have also launched KP3R tokens. According to the non-small market, KP3R has not yet reproduced its glory at the beginning of its launch. As of press time, the token 24H has fallen by 13.49%.
Not only investors but also scammers are eyeing Keep3r. According to Cryptoslate, KP3R’s fork coin KPER plummeted for a short time. After developers created a large number of tokens in order to draw liquidity from the pool, KPER is currently almost zero. After seeing the success of Keep3r, some speculative developers launched multiple fork versions in an attempt to profit. Unfortunately, many of these fork projects have proven to be scams, or at least “grab money” without legitimate products or innovations.
A sentence was written at the top of Keep3r’s official website: The project is still in the testing phase and at your own risk. Although this sentence is for platform project parties and workers, it also applies to investors in the secondary market.
