KeeperDAO is a decentralized platform for keepers that seeks to help keep Ethereum more secure, profitable, and democratic for every user. Keepers are bots that keep an eye on Ethereum and other blockchains to facilitate transactions like system upkeep, auctions, liquidation, and arbitrage.
KeeperDAO is a game theory protocol designed to bring in maximum on-chain profit, be it in the form of arbitrage or liquidation. On-chain transactions are cryptocurrency transactions that are executed on a blockchain network. There platform aims to achieve this profit in the following ways:
ROOK is the native ERC-20 token of KeeperDAO, which is the core element behind this game. The profits in the hiding and coordination games get paid back in the form of ROOK token, to encourage keepers to participate in the coordination game and share profits with other keepers.
Other utilities of the ROOK token aim to include governance of the platform, governance of all the profits and voting on how to use them, managing all the parameters like keeper fee, liquidity fee, the shape of ROOK emission curve, etc. Moreover, the token seeks to give holders the power to suggest changes and upgrades to the platform.