diff --git a/keeperDAO/the_new_citadel.md b/keeperDAO/the_new_citadel.md index 1c44543..bc69357 100644 --- a/keeperDAO/the_new_citadel.md +++ b/keeperDAO/the_new_citadel.md @@ -1,16 +1,19 @@ ## Notes for [The New Citadel](https://keeperdao-labs.notion.site/The-New-Citadel-A-Vision-for-KeeperDAO-125ed6222f4542d99d8e171ddbe2bc38) -* executing trades on-chain sucks today (high gas, illiquidity, bad routing, expensive bridging, MEV...) +* Executing trades on-chain sucks today (high gas, illiquidity, bad routing, expensive bridging, MEV...). * Citadel Securities is the largest executor of trades in the world; 40% shares traded in the USA go by them. * they provide execution-as-a-service - when users place orders or apps like robinhood, citadel execute the trades (the amazon of trading), they take 90% profit * KeeperDAO allows the value of order flow itself to be harnessed, but distributing the value between users, keepers, market makers; allowing everyone participate through an API; governance through a DAO * Products: the hiding game, the coordination game, the incentive game --> the pillars for the coordinated execution layer for DeFi +<br> ### Building a Coordination Layer for DeFi -* A coordinate execution layer lets KeeperDAO hide complexity, create economies of scale, and deliver a standard of ease and service, taking economy to the next level -* KeeperDAO as the coordinated execution layer for the entire multi-chain space +* A coordinate execution layer lets KeeperDAO hide complexity, create economies of scale, and deliver a standard of ease and service, taking economy to the next level. +* KeeperDAO as the coordinated execution layer for the entire multi-chain space. + +<br> ### Going Teal @@ -20,11 +23,15 @@ * Leaders may create or sponsors special KIPs which can charter and fund new teams or units. The DAO evaluates and may approve or decline these in the usual way. * On a quarterly basis, a presentation must be made by each team or unit to the DAO about this progress. +<br> + ### KeeperDAO with 80-100 contributors <img width="643" alt="Screen Shot 2022-03-24 at 12 32 24 PM" src="https://user-images.githubusercontent.com/1130416/159875001-e8100e77-0725-477a-9bb8-fbcbf38efbc9.png"> +<br> + ### Teams * Protocol: responsible for advancing the protocols at the heart of the network such as the Hiding Game and Coordination Game.