What Is a Keeper Network? How Automated Bots Maintain DeFi…
By Tobi Opeyemi Amure
AI summary of the source article
Keeper networks deploy automated bots to trigger smart contract functions that cannot initiate independently. Projects like Chainlink Automation, Gelato, and Keep3r Network provide infrastructure to automate tasks such as liquidations, yield farming, and trading.
Why it matters
As DeFi applications become more complex, keeper networks provide an important layer of automation that allows protocols to operate with less manual intervention.
Key facts
- Smart contracts cannot independently initiate transactions, requiring external operators called keepers to monitor blockchains and execute predefined functions.
- Keepers handle tasks including loan liquidations, yield farming reward collection, collateral management, and automated trading.
- Projects such as Chainlink Automation, Gelato, and Keep3r Network provide infrastructure connecting protocols with operators who execute automated smart contract tasks for rewards.
Source excerpt · FinanceFeeds
Decentralized finance (DeFi) protocols rely on smart contracts to manage transactions, loans, and digital assets without traditional intermediaries. However, these contracts cannot independently initiate transactions or respond to changing market conditions. They need external operators to trigger specific functions when certain conditions are met. Keeper networks solve this problem by using autom…