FAQ

Most commonly asked questions regarding KUU

Who are Keepers?

Keepers are on-chain actors that borrow from KUU's communal liquidity pool to efficiently manage liquidations, rebalances and arbitrage opportunities on DeFi applications spanning trading, lending, and exchange. More generally, keepers are on-chain profit seekers that require capital.

How is value captured for users?

Keepers borrow funds from the communal pool to take advantage of on-chain opportunities. There is a fee associated with flash loans, the majority of which will be returned to the Liquidity Providers. Liquidity Providers are anyone who deposits assets to the liquidity pool.

Are there protocol fees?

There is a deposit fee of TBA, aimed incentivizing sticky liquidity / disincentivizing pool hopping. This fee goes to existing LPs pro rata to their pool ownership, on top of $KUU distributions.

How can I participate as a Keeper?

Only the internal KUU keeper is currently active. The protocol will be opened up to additional Keepers in the coming weeks as we identify and onboard reputable Keepers from the community.

Can Keepers run away with my funds?

Transactions which borrow funds from the liquidity pool are contingent upon a return within the same block. Therefore, LPs bear no risk to underlying Keeper strategies.

Has KUU been audited?

KUU uses KeeperDAO's audited liquidity pool smart contracts, with only the variable names and contract addresses being modified alongside the minimal modifications necessary for adapting the code for the C-Chain.

KeeperDAO has been audited four times by independent third-parties. However, this does not guarantee security and users should be cognizant of the risks involved.

The results can be found here:

• Samczsun - https://gist.github.com/samczsun/fb8cd67ea5c3f42da9abca11b3889949

• Quantstamp - https://github.com/keeperdao/docs/blob/master/audits/quantstamp_draft.pdf & https://github.com/keeperdao/docs/blob/master/audits/Quantstamp-kCompound.pdf

• Peckshield - https://github.com/keeperdao/docs/blob/master/audits/peckshield_final.pdf

Additionally, KUU has not been audited but will be seeking to undergo an audit in the near future.

What is the $KUU token?

The native token is $KUU, a governance token for holders to propose and vote on parameters that will help evolve the protocol.

Will the protocol be a DAO?

KUU will undergo progressive decentralization, turning into a DAO over time, with the aim of becoming as decentralized and trustless as possible, powered by the $KUU token.