From c803006c9963be397bc59593655ee086dad8e34d Mon Sep 17 00:00:00 2001 From: "steinkirch.eth" <1130416+mvonsteinkirch@users.noreply.github.com> Date: Tue, 7 Mar 2023 06:22:08 -0800 Subject: [PATCH] Delete introducing-kcompound.md --- MEV_projects/rook/docs/introducing-kcompound.md | 17 ----------------- 1 file changed, 17 deletions(-) delete mode 100644 MEV_projects/rook/docs/introducing-kcompound.md diff --git a/MEV_projects/rook/docs/introducing-kcompound.md b/MEV_projects/rook/docs/introducing-kcompound.md deleted file mode 100644 index 6c0355c..0000000 --- a/MEV_projects/rook/docs/introducing-kcompound.md +++ /dev/null @@ -1,17 +0,0 @@ -## Notes on [Introducing kCompund](https://medium.com/keeperdao/introducing-kcompound-a23511c847a0) - -* In February, KD launched the Hiding Game: a system that allows users and keepers to cooperatively hide and re-distribute MEV when using the Ethereum network. -* The first phase introduced a virtual mempool called Hiding Book, for advanced limit orders in DeFi. They cost zero gas, minimal slippage, protected from frontrunning and sandwich attacks, and yield ROOK rewards. -* The second phase is a DeFi borrowing experience called kCompound, a wrapper for the Compound lending platfirm that lets users deposit collateral and borrow assets. kCompound loans are constantly monitored and protected by the KeeperDAO JITU, which helps protect from liquidation. - -### JITU: the Just-in-Time Underwriter - -* next evolution of the KeeperDAO liquidity pool, combining current flash lending functionality with the new methods for safe underwriting. -* this givers keepers one-stop access to liquidity and distributes rewards back to liquidity providers. -* JITU is designed so funds used to underwrite a kCompund position are protected regardless of what happens to the loan. -* JITU is a standalone contract that plugs into the kCompound system - -### kCompound NFT - -* kCompound encapsulates an entire Compound position in an NFT, the ERC-721 compatible kCompound token. -* when you mint a kCompound NFT, you get a unique contract that can be transferred between different Ethereum addresses and easily composed with other DeFi protocols.