mev-toolkit/rook/docs/introducing-kcompound.md

Notes on Introducing kCompund

• 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.