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keeperDAO/the-mission-of-KeeperDAO.md
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* Keepers are bots that work on blockchain networks like Ethereum. The are an emergent and increasingly important network participant. * 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. * 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. * 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. * 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. * 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.
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### The Mission ### The Mission
* KeeperDAO is dedicated to Keepers: to bring about a decentralised economy which Keepers create more efficient, secure, and egalitarian blockchain networks. * 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. * KeeperDAO creates new primitives that users and protocols can use to protect themselves from predatory MEV.
### Founding principles ### Founding principles