KeeperDAO (ROOK) Price

ROOK

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Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.

Digital currencies are very high risk. Do not invest money you can’t afford to lose. Please consider the suitability of crypto for your individual position before trading. Read our risk summary for qualifying crypto assets.

What is KeeperDAO (ROOK) and how does it work?

KeeperDAO is described as an on-chain liquidity underwriter for decentralized finance (DeFi) built atop Ethereum.  

ROOK is the KeeperDAO protocol’s native currency. It’s a governance token, giving holders the right to vote on future changes to the protocol. Liquidity providers earn ROOK by depositing supported assets to the protocol.

The protocol economically incentivizes pooled participation in “keeper” strategies to exploit everyday DeFi occurrences such as on-chain liquidations, rebalancing maneuvers and price arbitrage among decentralized exchange (DEXs). Autonomously scouring markets, KeeperDAO leverages/manages a decentralized base of deposits (i.e., liquidity pools) to exploit any inefficiencies it may come upon. The protocol then kicks back these profits to liquidity providers based on their stake in the pool. According to a community member’s post on Medium, this large base of liquidity allows KeeperDAO to generate greater shared profits than any one individual trader could ever muster solo.  

Those who design models/strategies to exploit on-chain asset mispricing opportunities are referred to as keepers. In times when low-hanging (minimal risk) fruit isn’t available, KeeperDAO lends out deposits across other platforms.

 As of April 2022, KeeperDAO was the DeFi sector’s 43rd-largest protocol in terms of total value locked (TVL).

How to buy KeeperDAO (ROOK)

With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet. 

Nothing could be easier.

Here’s how fast it is to get started:

1. Go to Uphold.com and click sign up.

2. Enter your email address and personal details. 

3. Click the link we send you and create a password

… and you’re off to the races!

Just start trading.

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