Keep3rV1 (KP3R)

Last updated 12/10/2022

Official Website: https://keep3r.network/

What Is Keep3rV1 (KP3R)

Keep3rV1 is a decentralized platform created to make it easier for projects to coordinate with those that can offer the outside development activities they need. In essence, the initiative acts as a job board that streamlines communication between employers, like decentralized financial protocols, and employees, referred to as Keepers. The duties performed by Keepers include everything from calling and submitting transactions on-chain to finishing intricate processes off-chain. KP3R, an ERC-20 token built on the Ethereum network, is used by Keep3rV1 for both governance and rewarding keepers.

Keep3rV1 aims to lessen the maintenance required for blockchain-based applications that make extensive use of smart contracts to power ever-more sophisticated systems. Keep3rV1 is intended to provide a decentralized environment for projects and developers to more effectively collaborate, as these projects frequently require other actors to accomplish tasks.

The Keepers, who offer smart contracts, bots, or scripts that may carry out transactions or set off events, form the backbone of the network. A project must submit a smart contract for assessment and approval by a bonded Keeper who has received and locked KP3R in the platform before it can use the platform. Projects can specify requirements for which Keepers can accept a task, such as a KP3R minimum bonded stake or a predetermined amount of projects already done. Although a project may submit Ether (ETH) in exchange for KP3R-equivalent credits, keepers are awarded in KP3R for successfully completing jobs.

According to Cronje, a bonus of Keep3rV1 is that it makes it feasible to create DApps like Unihedge and MetaWallet, an impermanent loss mitigation system and a smart-contract wallet that doesn't require transactions or gas fees.

The token supply for Keep3rV1 is not fixed, and the project did not hold an ICO or token production event. Instead, KP3R is minted when Uniswap provides liquidity to the platform. Keep3rV1 reportedly had $5.5 million in liquid assets at the time the initiative was launched. It had generated $384,197 in fees and $9.8 million before the end of the first day.

Bonded Keepers, who are in charge of administration, look after the project's cash. A 0.3% fee is applied to every non-KP3R transaction on the platform, and this fee is given to the Treasury. Keepers are paid in KP3R for successfully completing tasks. These KP3R can be staked to take part in governance or to collect dividends, should the platform's governance decide to produce and distribute them.

KP3R, an ERC-20 governance token, is used by Keep3rV1, an Ethereum-based network. This indicates that any on-chain KP3R transactions must be validated via the Ethereum blockchain. Ethereum has a proof-of-work consensus process wherein miners compete with one another to add new blocks to the blockchain and a majority of all nodes in the network must confirm a record before it is uploaded. Bonded Keepers are in charge of overseeing and authorizing jobs and managing Keepers within the Keep3rV1 platform itself, including resolving conflicts and, if required, blacklisting bad actors.

Before becoming live at the end of October 2020, PeckShield, a blockchain security firm, conducted an audit of the project's smart contracts. The audit concluded that Keep3rV1 was "well-designed and constructed," discovered no significant security problems, but did find certain possible medium- to high-severity concerns, all of which, according to Croje, have been logged and updated.

Team

Andre Cronje, a blockchain engineer and application developer, founded Keep3rV1. He recently gained notoriety after the debut of the DeFi project yearn.finance and the meteoric rise of its governance token, YFI, which experienced a 1,300-fold increase in value in its first two months of operation in 2020.

At the Fusion Foundation, the company that created the Fusion protocol, Cronje oversaw projects for decentralized apps, technological collaborations, and implementations. He also served as the organization's head of innovation and technology. In addition to acting in blockchain technology development roles for BitDiem, Cryptocurve, and Lemniscap, he previously worked as the chief code reviewer and a contributor at Crypto Briefing, the head of technology at the fintech company Freedom, and the head of technology at Shoprite Group. Cronje has claimed that his intention when introducing new platforms is to empower developers, not speculators, by giving them access to simple-to-use technologies and design templates, notwithstanding the phenomenal success of yearn.finance and YFI.

Roadmap

Keep3r Network roadmap

Governance contracts are still in audit, after they have been finalized Keep3r will be upgraded to Governance instead of current EOA. No action required for keep3rs or jobs.
Jobs are currently open for anyone to participate while Governance is pending. Please contact @andrecronje so I can help fast track your contract inclusion.
Additional jobs will include harvests, liquidations, and will be used for executing limit orders.
MetaWallet will be the next implementation for batched off-chain executions.
Keep3r helper is currently set to peg rewards to ETH price, this will be updated once more data points are available in Uniquote
Keep3r is an infrastructure project, this is not to the benefit of end-users, but to dapp developers and ecosystem health as a whole. If you are a builder or maintainer, feel free to contact us so we can help incentivize your automations.

Where to store Keep3rV1 (KP3R)

A trusted wallet provider for your Keep3rV1 (KP3R) token could be Trust Wallet – a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place.

Similarly, a user-friendly option to keep your $KP3R secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting to your MetaMask wallet.

All ERC-20 tokens including Keep3rV1 (KP3R) can be stored on the Ethereum blockchain using MyEtherWallet, allowing users to interact with the network without additional software.

Where to Buy and Sell Keep3rV1 (KP3R)

You can Buy & Sell Keep3rV1 (KP3R) by heading over to the Buy Coins page of our website. Keep3rV1 (KP3R) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $KP3R has never been easier, simply place your order and provide your wallet address. Once your payment arrives Keep3rV1 (KP3R) will be sent directly to your wallet.

If you choose to Sell Keep3rV1 (KP3R) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.

Keep3rV1 (KP3R) Resources:

Website: https://keep3r.network/

Block Explorer: https://etherscan.io/

Twitter: https://twitter.com/thekeep3r

Medium: https://andrecronje.medium.com/keep3r-network-v1-beta-20ab98c9e91a

Disclaimer: The information provided in this article is intended for informational purposes only. It is the reader's responsibility to complete their own research and due diligence.