From fb54c1ae8b4cfc14ce8b758430197b0d3c734805 Mon Sep 17 00:00:00 2001 From: "steinkirch.eth" <1130416+mvonsteinkirch@users.noreply.github.com> Date: Tue, 7 Mar 2023 06:22:22 -0800 Subject: [PATCH] Delete the-mission-of-KeeperDAO.md --- .../rook/docs/the-mission-of-KeeperDAO.md | 28 ------------------- 1 file changed, 28 deletions(-) delete mode 100644 MEV_projects/rook/docs/the-mission-of-KeeperDAO.md diff --git a/MEV_projects/rook/docs/the-mission-of-KeeperDAO.md b/MEV_projects/rook/docs/the-mission-of-KeeperDAO.md deleted file mode 100644 index 3beb745..0000000 --- a/MEV_projects/rook/docs/the-mission-of-KeeperDAO.md +++ /dev/null @@ -1,28 +0,0 @@ -## [The Mission of KeeperDAO](https://blog.keeperdao.com/mission/) - -* 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 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. - -### The Coordination Game - -* Game-theory optimised Keeper protocol that provides a solution in the MEV incentive structure problem; aligns Keeper's incentives with those of the network participants. -* Currently it's not clear how many Keepers are there, how much liquidity they command, how protocols shoudl optimally price risk, or how users and protocols should bid for Keeper attention. -* KeeperDAO protocol fills the void by formalizing the work Keepers do in a way that benefits the nwtwork, ensuring more determinism and avoiding harmful side-effects like the exploitation of users and protocols through predatory MEV attacks. - -### 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 arbitrage or liquidation. -* KeeperDAO creates new primitives that users and protocols can use to protect themselves from predatory MEV. - -### Founding principles - -1. Reward those that add value -2. MEV doesnt belong to block producers -3. Search for win-win scenarios -4. Solve hard problems -5. Decentralise