What is Keep4r?
Keep4r is a decentralized job network that enables external individuals and teams to execute tasks ranging from simple smart contract calls to complex off-chain logic. Keepers are external entities who perform these tasks, and they register themselves as available to perform jobs. The scope of Keep4r allows users to register contracts as jobs for keepers and create their own rules based on what transactions they deem profitable.
Jobs on Keep4r refer to smart contracts that require an external entity to perform an action. These actions are expected to be performed in "good will" without any malicious results. To ensure this, the contract registers as a job and keepers can then execute it. Keepers do not need to deposit any DAI or ETH tokens to join as a keeper; they can simply call bond(uint) on the Keep4r contract. After a 1-day bonding delay, they can activate themselves as a keeper by calling activate().
Registering a job on Keep4r can be done in two ways. First, users can submit a proposal via governance to include the contract as a job. Second, users can register a job via contract, which is currently a work-in-progress as the team is working on better ways to register jobs via the job factory interface.
Some contracts require external event execution, such as the harvest() function in the yearn ecosystem or the update(address,address) function in the uniquote ecosystem. These require a restricted access control list, which can be difficult for fully decentralized projects to manage due to the lack of devops infrastructure. To manage these interfaces, Keep4r breaks them down into two types: no risk delta, which requires execution without any risk, and high risk, which requires a minimum bond, minimum jobs completed, and minimum keeper age to execute the function. Based on these limits, users can define their trust ratio on the keepers.
KP4R is the governance and staking coin of Keep4r. It allows holders to vote and propose jobs as well as collect a percentage of the network fees. The total supply of KP4R is 100k, and it can be staked to earn KP4R and a share of the job fees. Staking and rewards distribution are managed by Keep4rRewardsPool. To provide consistent liquidity, 10% of collected ETH fees for jobs will be automatically deposited by the governance contract in UNISWAP.
Since KP4R is required to add new jobs to the Keep4r job network, there will always be demand for it while there is demand for the network itself. With its decentralized and incentivized system, Keep4r provides a reliable platform for external entities to execute tasks and earn rewards while ensuring the safety and trustworthiness of the execution.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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