KeeperDAO Report by Jesse

Go Bitcoin go! With all the great news rolling out after the Microstrategy conference late last week. Bitcoin has been on an absolute tear with the extra Tesla news announced earlier this week. I mean, who can focus on altcoins at a time like this? Me, that’s who… So get ready for this week's deep dive into a new arbitraging opportunity called KeeperDAO.

Introduction

KeeperDAO is a game-theory protocol designed to capture the greatest possible on-chain profit via arbitrage, liquidation, or other methods. KeeperDAO is built to operate with three game-theory principles in mind; Hiding, Coordination, and Incentives. These three processes are the foundation of KeeperDAO and dictate all actions within its ecosystem. For a long time now Miner Extractable Value (MEV), has been a hotbed for bad actors to destroy the ability to operate on the Ethereum network in a fair manner. With open ledger technology, there’s nothing left to the imagination. This allows miners to exploit the network's ledger and form attacks like front-running, tailgating, sandwiching, exploiting gas and other generic predator plays. At their disposal are advanced weapons, able to trace every transaction, every internal contract call, and every instruction. These miners can discover which parts of any transaction are extracting profit, copy those exact parts and interject themselves between you and the Ethereum network. This happens by exploiting knowledge from Ethereum transactions that have been broadcasted to the network but are still waiting to be mined into a block. Known as the Mempool, transactions will either be mined into a block, replaced by another transaction, or completely dropped by the network. While I’m certain most of you have already encountered hang-ups or failed transactions when GWEI fees suddenly jump.