What is KeeperDAO?
KeeperDAO is an on-chain liquidity underwriter and economic experiment providing a decentralized finance (DeFi) scaling solution and proxy volatility fund with backstop liquidity for on-chain lending and synthetic asset protocols. KeeperDAO optimizes returns through a multi-chain yield farming and aggregation mechanism to capture arbitrage opportunities during times of market volatility between decentralized exchanges (DEX), incentivizing a game theory optimal strategy among on-chain arbitrageurs. Keepers borrow funds from a communal pool to leverage on-chain opportunities, returning profits to the pool to be distributed between Keepers and Liquidity Providers. KeeperDAO was initially launched as an on-chain liquidity pool with only one internal keeper bot, however with recent launch of ERC-20 ROOK governance token, users from across the DeFi landscape can participate in KeeperDAO and earn rewards.