Keepers

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. Examples of such activities are the liquidation of lending protocols on Avalanche, such as bZx, BENQI, Bonobo, Marginswap, and so on.

Value Capture

Keepers can borrow any amount of available assets from KUU's liquidity pools without putting up any collateral, as long as the borrowed capital (plus a small premium) is returned to the pools within the same block transaction. In the first phase of KUU, only one internal keeper bot will be in use, with the majority its on-chain captured value being returned to the liquidity pools. A small portion of the premium will be directed to the Ecosystem Development Fund, as well as the Treasury which the future Decentralized Autonomous Organization (DAO) will be able to access through proposals and voting. Access to the pools will be made available to additional Keepers as the protocol develops.