Keep3r Network economics

  1. KP3R governance controls treasury.
  2. Jobs need to receive credit to pay keepers (ETH, tokens, or via KP3R liquidity)
  3. Treasury is paid 0.3% fees of any non KP3R transaction (direct ETH or token payments).

How is KP3R minted? By providing liquidity for accepted pairs, currently KP3R-ETH, however governance can vote in to include KP3R-SNX, KP3R-AAVE, KP3R-LINK, KP3R-YFI, KP3R-CRV, etc.

So this created a chicken <> egg situation. The system needs liquidity, but the system doesn’t have liquidity.

The initial liquidity was minted and provided to Uniswap (as well as being the accepted liquidity pair). This has the net benefit of giving governance that value as treasury holdings, as well as that value in credit to assign to jobs.

At time of writing, this means governance has $5.5m worth of assets to utilize for the further enhancement and development of Keep3r Network.

Governance and dividends is managed by bonded KP3R

Read more

--

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

To DeFinity and Beyond: The Future of Traditional FX and Digital Asset Trading

A Beginner’s Guide to Crypto

Plutos Network to Integrate Avalanche in Q4

Plutos Network to integrate with Avalanche in Q4

⚔️ Get Paid to Play ⚔️

Best/Worst Trades Feat. Drei aka Bitcoin Master

[PoS Round-Up] NFTs on Samsung TVs, Cardano 1M tree milestone & Moonbeam launches on Polkadot

We are EM⚆T⚆NS, and this is our manifesto

Big Tech’s Second Big Move on Bitcoin Tomorrow

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Andre Cronje

Andre Cronje

More from Medium

The Temple Flywheel: Part I

Solidly: preparation for launch

Community Offering and Tokenomics Update: A Closer Look

Announcing AIP 5