From 0206dccca3790efb8746f465ca52e737b770ba87 Mon Sep 17 00:00:00 2001 From: bt3gl <1130416+bt3gl@users.noreply.github.com> Date: Sun, 3 Apr 2022 08:59:27 +0100 Subject: [PATCH] Update the-mission-of-KeeperDAO.md --- keeperDAO/the-mission-of-KeeperDAO.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/keeperDAO/the-mission-of-KeeperDAO.md b/keeperDAO/the-mission-of-KeeperDAO.md index 0d8b053..3beb745 100644 --- a/keeperDAO/the-mission-of-KeeperDAO.md +++ b/keeperDAO/the-mission-of-KeeperDAO.md @@ -2,7 +2,7 @@ * Keepers are bots that work on blockchain networks like Ethereum. The are an emergent and increasingly important network participant. * Keepers respond when there is a need to buy or sell a sequence of assets, or execute particular smart contracts in a timely manner. -* DeFi relies on Keepers. Their constant arbritage keeps prices in sync accorss dexes. +* DeFi relies on Keepers. Their constant arbitrage keeps prices in sync accorss dexes. * From the keeper's perspective, a blockchain is a giant chessbord. They look for sequences of mvoes with high MEV and try to execute them. * To be the first, they must pay block producers (minners and validators) above and beoynd the normal fee. * Unlike block producers, Keepers were not accounted for in Ethereum's protocol design. This has turned Ethereum's public mempool (database where all unprocessed transactions are stored) into a dark forest. @@ -16,7 +16,7 @@ ### The Mission * KeeperDAO is dedicated to Keepers: to bring about a decentralised economy which Keepers create more efficient, secure, and egalitarian blockchain networks. -* Research and build unique technology to coordinate access to certain shared resources - namely order and transaction pools bound for blockchain networks - allowing keepers to more efficiently capture on-chain profit - for example by executing an arbritage or liquidation. +* Research and build unique technology to coordinate access to certain shared resources - namely order and transaction pools bound for blockchain networks - allowing keepers to more efficiently capture on-chain profit - for example by executing an arbitrage or liquidation. * KeeperDAO creates new primitives that users and protocols can use to protect themselves from predatory MEV. ### Founding principles