Git-Mirrors/mev-toolkit
1
0
Fork 0
mirror of https://github.com/autistic-symposium/mev-toolkit.git synced 2025-04-28 11:46:13 -04:00
Code Issues Packages Projects Releases Wiki Activity

Update the_new_citadel.md

Browse Source
This commit is contained in:
bt3gl 2022-04-03 07:29:07 +01:00 committed by GitHub
parent 10b224e413
commit b0954b1549
No known key found for this signature in database
GPG Key ID: 4AEE18F83AFDEB23
1 changed files with 10 additions and 3 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

13
keeperDAO/the_new_citadel.md
View File

@ -1,16 +1,19 @@
## Notes for [The New Citadel](https://keeperdao-labs.notion.site/The-New-Citadel-A-Vision-for-KeeperDAO-125ed6222f4542d99d8e171ddbe2bc38) ## 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. * 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 * 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 * 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 * 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 ### 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 * 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 * KeeperDAO as the coordinated execution layer for the entire multi-chain space.
<br>
### Going Teal ### 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. * 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. * 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 ### 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"> <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 ### Teams
* Protocol: responsible for advancing the protocols at the heart of the network such as the Hiding Game and Coordination Game. * Protocol: responsible for advancing the protocols at the heart of the network such as the Hiding Game and Coordination Game.