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Keep3r x $SUSHI integration coming soon?
In this thread I will summarize a bunch of notable pieces of information I found regarding some details on Keep3r Network
(BROKEN INTO THREE PARTS, YOU WONT WANT TO MISS THIS ONE
)
In this thread I will summarize a bunch of notable pieces of information I found regarding some details on Keep3r Network
(BROKEN INTO THREE PARTS, YOU WONT WANT TO MISS THIS ONE
)
1. SUSHI
$SUSHI added MIRIN to their GitHub, signaling an impending release for the long awaited upgrade
MIRIN aims to create a new level of capital efficiency for users on the exchange
PSA: I have strong reason to believe $SUSHI will frontrun $UNI to V3
$SUSHI added MIRIN to their GitHub, signaling an impending release for the long awaited upgrade
MIRIN aims to create a new level of capital efficiency for users on the exchange
PSA: I have strong reason to believe $SUSHI will frontrun $UNI to V3
So... What exactly is MIRIN and what does it provide for $SUSHI?
Explained by @LevxApp, a core $SUSHI dev, MIRIN is an upgrade that introduces double yield LP tokens, zaps, increased yield via Keep3r, & much more. https://medium.com/levx-app/sushi-protocol-v3-proposal-mirin-d42061a5fa3a
Explained by @LevxApp, a core $SUSHI dev, MIRIN is an upgrade that introduces double yield LP tokens, zaps, increased yield via Keep3r, & much more. https://medium.com/levx-app/sushi-protocol-v3-proposal-mirin-d42061a5fa3a
Franchised Pools - exchanges can partner with $SUSHI & reap benefits of liquidity provision only on a dex
Zaps - staking into Sushi & another protocol in one tx
KP3R - automated yield rebalancing for highest APY
Further info seems to indicate that this is coming very soon...
Zaps - staking into Sushi & another protocol in one tx
KP3R - automated yield rebalancing for highest APY
Further info seems to indicate that this is coming very soon...
After some extensive digging, I even managed to find several contracts already featuring $SUSHI V3 services.
Inari was deployed a few days ago, with some batch txs done on $SUSHI
Users will soon be able to do several DeFi actions with just one click
https://etherscan.io/tx/0x8bfb0880ee8fd5b7f194302a1e3273d074770c40f85623d5c16f2bee6f77eb4b
Inari was deployed a few days ago, with some batch txs done on $SUSHI
Users will soon be able to do several DeFi actions with just one click
https://etherscan.io/tx/0x8bfb0880ee8fd5b7f194302a1e3273d074770c40f85623d5c16f2bee6f77eb4b
Even more interestingly, there is a new MasterChef deployed, which integrates Keep3r for automatic swapping of pools for the highest APY
This will significantly increase yield on the SushiBar...
https://etherscan.io/token/0x6107add73f80ac6015e85103d2f016c6373e4bdc
This will significantly increase yield on the SushiBar...
https://etherscan.io/token/0x6107add73f80ac6015e85103d2f016c6373e4bdc
Now for the last bit of information on this:
The SushiSwap interface recently updated with a slick new interface and added some timelines to their roadmap
The SushiSwap interface recently updated with a slick new interface and added some timelines to their roadmap
We know $UNI V3 releases on May 4th, leaving $SUSHI with just a few weeks for finalizing the big upgrade...
MISCELLANEOUS INFO: a stealth project between $YFI and $SUSHI was announced, which has been confirmed to be MetaWallet, a gas-less DeFi wallet powered by Keep3r.
MISCELLANEOUS INFO: a stealth project between $YFI and $SUSHI was announced, which has been confirmed to be MetaWallet, a gas-less DeFi wallet powered by Keep3r.
MetaWallet will offer GAS-LESS trades on SushiSwap very soon...
Is it possible MetaWallet will require a minimum bond of $SUSHI and KP3R to use? It would make a lot of sense, & it is beneficial for both
For more information on MetaWallet, refer to this thread I wrote earlier: https://twitter.com/CroissantEth/status/1383987639691321344
Is it possible MetaWallet will require a minimum bond of $SUSHI and KP3R to use? It would make a lot of sense, & it is beneficial for both
For more information on MetaWallet, refer to this thread I wrote earlier: https://twitter.com/CroissantEth/status/1383987639691321344
Users have to provide liquidity (zaps?) to earn credits for jobs on the network, and different pairs (i.e. SUSHI/KP3R) can be added by vote
Combined with the fact that KP3R is on the permanent menu we know users on Keep3r network can earn $SUSHI yield
Combined with the fact that KP3R is on the permanent menu we know users on Keep3r network can earn $SUSHI yield
Limit orders are also coming to $SUSHI, powered by Keep3rs on the network.
Once a position is closed, it will be triggered via incentivized Keep3rs.
This is similar to Andreâs Deriswap project, which has some very notable connections to Keep3r as well. https://twitter.com/croissanteth/status/1383987673619001351
Once a position is closed, it will be triggered via incentivized Keep3rs.
This is similar to Andreâs Deriswap project, which has some very notable connections to Keep3r as well. https://twitter.com/croissanteth/status/1383987673619001351
However Deriswap, MIRIN, & MetaWallet are not all I wanted to dive in deeper on for the purpose of this thread.
What I did want to go over, is the massive implications for Keep3r given some other information that has been provided to us...
What I did want to go over, is the massive implications for Keep3r given some other information that has been provided to us...
2. CHAINLINK
Chainlink Keepers will play a vital role in DeFi with their partnership with KP3R
$LINK Keepers will manage bigger tasks (like liquidations, claims, executions, automations, & much more) on $ETH
FROM SERGEY: https://twitter.com/SergeyNazarov/status/1362239734332805122
Chainlink Keepers will play a vital role in DeFi with their partnership with KP3R
$LINK Keepers will manage bigger tasks (like liquidations, claims, executions, automations, & much more) on $ETH
FROM SERGEY: https://twitter.com/SergeyNazarov/status/1362239734332805122
Chainlink also actually made a very notable tweet regarding help with the launch of KeeperV2, because of the potential they see in the project.
You see, combining Keep3rs with oracles has a particularly strong synergy...
You see, combining Keep3rs with oracles has a particularly strong synergy...
When a certain off chain event occurs, the data relayed from $LINK oracles often need to trigger a specific action. Keepers are the perfect solution to this problem, and the two protocols have come up with a unique solution together...
https://news.reputation.link/article/chainlink-and-keep3r-partnership
https://news.reputation.link/article/chainlink-and-keep3r-partnership
FROM CHAINLINK:
âexisting Keepers who have already performed a SUBSTANTIAL number of jobs become eligible to become Chainlink nodes...â
I like to think of this collab kind of like a massive farm for $LINK node operators
https://twitter.com/croissanteth/status/1384193358705221638?s=21
âexisting Keepers who have already performed a SUBSTANTIAL number of jobs become eligible to become Chainlink nodes...â
I like to think of this collab kind of like a massive farm for $LINK node operators
https://twitter.com/croissanteth/status/1384193358705221638?s=21
3. OPEN ZEPELLIN
Open Zeppelin recently released Defender, their flagship product for smart contract management, made easy on a simple user interface
https://openzeppelin.com/defender/
Open Zeppelin recently released Defender, their flagship product for smart contract management, made easy on a simple user interface
https://openzeppelin.com/defender/
Defender is already used by protocols including $BAL, $AAVE, $COMP, and more...
But there is one tweet I found that ties all of this together.
Open Zeppelin defender will provide tight integration with $LINK keepers https://twitter.com/smpalladino/status/1374467032394072074
But there is one tweet I found that ties all of this together.
Open Zeppelin defender will provide tight integration with $LINK keepers
https://twitter.com/smpalladino/status/1374467032394072074
To summarize my points:
If any of you are familiar with Andre Cronje, you know he is well integrated with the crypto space, and has some of the top tokens in DeFi.
Did you really think @AndreCronjeTech didnât have a plan for his brain child, Keep3r network?
If any of you are familiar with Andre Cronje, you know he is well integrated with the crypto space, and has some of the top tokens in DeFi.
Did you really think @AndreCronjeTech didnât have a plan for his brain child, Keep3r network?
After all, his other projects are much higher market capitalization than Keep3r, despite having equally worthy use cases.
For reference, letâs compare to Andreâs other projects in the yearn ecosystem
$YFI - $1.4B mcap
$FTM - $779M mcap
$SUSHI - $1.6B mcap
VS.
KP3R - $63M mcap
For reference, letâs compare to Andreâs other projects in the yearn ecosystem
$YFI - $1.4B mcap
$FTM - $779M mcap
$SUSHI - $1.6B mcap
VS.
KP3R - $63M mcap
It is also important to know that Keep3r works better the more users that use it. With the advancements discussed above, becoming a Keep3r will be easier than ever
Until recently, people had to know complex smart contract logic to do so
But a flood of users is about to come in
Until recently, people had to know complex smart contract logic to do so
But a flood of users is about to come in
What is a better way to bring more users than:
- $SUSHI limit orders
- Deriswap
- MetaWallet for gas-less trades on $SUSHI
- one click zaps for providing liquidity
- adding KP3R to permanent menu
- offering $LINK node operators breeding grounds
- Open Zeppelin no code interface
- $SUSHI limit orders
- Deriswap
- MetaWallet for gas-less trades on $SUSHI
- one click zaps for providing liquidity
- adding KP3R to permanent menu
- offering $LINK node operators breeding grounds
- Open Zeppelin no code interface
What we are witnessing is what I believe will become a large player in the industry come to fruition.
Automation on $ETH is an issue of huge importance, and it looks like Keep3r is leading the way.
In a few years, it may be weird to see a project not using Keep3r in some way.
Automation on $ETH is an issue of huge importance, and it looks like Keep3r is leading the way.
In a few years, it may be weird to see a project not using Keep3r in some way.
Credits are required for payments on jobs across the network, and a ton of tokens will be bonded when that time comes.
With just the protocols listed above, already upwards of 5% of the supply is bonded on $SUSHI for jobs
Could you imagine what this will look like once adopted?
With just the protocols listed above, already upwards of 5% of the supply is bonded on $SUSHI for jobs
Could you imagine what this will look like once adopted?
Keep3r is about to become infinitely more scalable with the backing of major players in the industry.
To me KP3R is essentially like betting on the DeFi ecosystem as a whole
& itâs only $60M mcap. I hope you guys enjoy!
https://www.coingecko.com/en/coins/keep3rv1
To me KP3R is essentially like betting on the DeFi ecosystem as a whole
& itâs only $60M mcap. I hope you guys enjoy!
https://www.coingecko.com/en/coins/keep3rv1
