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Traders analyze the Ethereum mempool to dramatically increase the odds of capturing profit

What is the mempool

The mempool is a group Ethereum transactions that have been broadcasted to the network and are waiting to be mined into a block. A mempool service provides direct insight into a transaction’s life cycle. A transaction waits in mempool after being broadcasted by a user to a node. From there, the transaction will either be mined into a block, replaced by another transaction, or dropped by the network. A good mempool service will monitor this process for you for every single transaction in existence. You can learn more about the mempool here.

How is the mempool used for DeFi trading

Traders analyze the Ethereum mempool to dramatically increase the odds of capturing MEV (miner extractable value). There are a variety of different types of trading strategies where mempool can be applied. Some of these strategies involve finding trading opportunities that otherwise do not exist. As such, the DeFi trading ecosystem has changed dramatically since these mempool services have come onto the market. …


Take your arbitrage, liquidation, and tailgating operation to the next level with arbitrage mining on KeeperDAO. Not only will you be rewarded for the hard work that you’re already doing, but you’ll be participating in the very first trading pool on Ethereum.

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When Kasparov (black) mixed up the moves for the Caro-Kann defence, Deep Blue (white) took advantage and created a new attack by sacrificing a knight. Kasparov argued that the computer must actually have been controlled by a real grand master. He and his supporters believed that Deep Blue’s playing was too human to be that of a machine.

Background

KeeperDAO is an economic experiment that initially launched with an on chain liquidity pool and only one internal keeper bot. With the recent upgrade and launch of the ROOK token, all traders from around the DeFi ecosystem are now incentivized to join KeeperDAO as a keeper and reap its rewards.

Keeper mining rewards

Keepers are rewarded for trading and sharing profits with the pool based on factors detailed in the Caro-Kann announcement. Rewards will be prorated against the % of total profits returned to a pool. Rewards run from block 11185218 to 11783358. Keepers receive their reward in ROOK tokens. 20% of the initial ROOK total token supply will be mined during this event. 70% of which goes directly to keepers participating in this event. That is a whopping 14% of the token supply going to keepers starting right now! …


This article outlines the functions of KeeperDAO’s native token, ROOK, its role in the protocol, and the initial ecosystem rewards program, which begins on November 3 UTC 07:00.

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Synopsis

KeeperDAO is an economic experiment. Our whitepaper can be found here. Please be mindful that the project is constantly evolving, and whilst it has been audited, we encourage users to research and understand the risks involved prior to engaging with the protocol. Everything carries risk. Please exercise your own discretion when considering whether or not to participate.

ROOK Token

The KeeperDAO system needs to align incentives for 2 stakeholders: liquidity providers and keepers. The incentive for liquidity providers to supply assets is clear; KeeperDAO abstracts away the financial and technical complexities of participating in liquidation and arbitrage strategies, allowing them to earn a profit. …


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“A gambit (from ancient Italian gambetto, meaning “to trip”) is a chess opening in which a player sacrifices material, with the hope of achieving a resulting advantageous position”

As an alternative to minimizing profit by competing with each other, KeeperDAO incentivizes keepers to pool their liquidity and share their profits. By pooling liquidity, keepers are able to tackle larger opportunities than would otherwise be possible. By incentivizing collaboration, KeeperDAO is able to avoid the wastefulness of gas wars, and maximize the profit for everyone involved. Users (liquidity providers) are also able to deposit liquidity, and share in the profits generated by keepers.

To this end, KeeperDAO changes and evolves autonomously in response to the behavior of its keepers, using its ability to extract extra profit to fund incentive programs. …


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We’re excited to announce the mainnet release of KeeperDAO. KeeperDAO is a protocol that economically incentivizes pooled participation in keeper strategies which manage liquidations, rebalances and arbitrage on DeFi applications spanning trading, exchange, and lending.

Visit the dashboard here

KeeperDAO

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