Name : Keep3r Network (KP3R)

KP3R Price : $72.617 -1.7%

Consensus Mechanism : Token

Volume: 3,560,028

Market Cap: 30,875,109

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Last Screening: Q1 2024

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Overview

The Keep3r Network serves as a decentralized platform connecting projects in need of external devops with external teams looking for keeper jobs. Keepers, external addresses, execute various jobs, ranging from simple transactions to complex off-chain logic, registered by smart contracts. The network relies on a mediation system in case of disputes. Slashers, governance-approved entities, have the authority to enforce last resort punishments for keepers and jobs acting in bad faith. Keep3r Liquidity Provider Tokens (kLP) are protocol-specific tokens given to liquidity providers, who bond them to generate KP3R credits for payment. Credit Mining allows liquidity providers to stake kLP tokens to mine credits specifically for job payments within the network. Additionally, a token payment mechanism enables users to deposit ERC20s and set payout rates for job maintenance. The Keep3r-CLI tool simplifies keeper participation, requiring only a configuration file, and keepers must deposit collateral using KP3R tokens for task consideration.

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