Keep3rV1 was founded by Andre Cronje, a blockchain engineer and application developer who gained significant recognition following the launch of the DeFi project yearn.finance and the remarkable growth of its governance token, YFI. This token experienced a 1,300-fold increase in value within its first two months of existence in 2020. Cronje previously held the position of head of innovation and technology at the Fusion Foundation, the organization behind the Fusion protocol, where he spearheaded initiatives related to decentralized applications, technology partnerships, and implementations. His experience also includes roles as chief code reviewer and contributor at Crypto Briefing, head of technology at the fintech firm Freedom, and head of technology at Shoprite Group. Additionally, he has contributed to blockchain technology development for BitDiem, Cryptocurve, and Lemniscap. Despite the remarkable success of yearn.finance and YFI, Cronje has emphasized that his objective in launching new platforms is to empower developers, rather than speculators, by offering them user-friendly products and design templates.

Keep3rV1 aims to alleviate the maintenance burdens encountered by blockchain-based projects utilizing a multitude of smart contracts to operate increasingly intricate systems. Such projects frequently depend on external participants to complete various tasks, and Keep3rV1 is crafted as a decentralized ecosystem to facilitate more efficient collaboration between projects and developers. The network is supported by Keepers, who offer smart contracts, bots, or scripts capable of executing transactions or triggering events. To utilize the platform, a project submits a smart contract that is assessed and approved by a bonded Keeper—one who has received and locked KP3R within the platform. Projects have the option to establish criteria regarding which Keepers may undertake a job, such as mandating a minimum bonded stake of KP3R or a specific number of previously completed jobs. Keepers receive KP3R as compensation for completing tasks, although projects may also provide Ether (ETH) in exchange for KP3R-equivalent credits. Cronje has noted that Keep3rV1 additionally enables the creation of DApps that might otherwise be unfeasible, such as MetaWallet—a smart contract wallet that eliminates the need for transactions or gas fees—and Unihedge, an impermanent loss mitigation system.

Keep3rV1 does not have a predetermined token supply, and the project did not conduct an initial coin offering or token generation event. Instead, KP3R tokens are minted when liquidity is provided to the platform through Uniswap. At the time of the project's launch, Keep3rV1 reported liquidity worth $5.5 million. By the end of the first day, this figure had surged to $9.8 million, accompanied by $384,197 in generated fees. The project's treasury is overseen by bonded Keepers, who are tasked with governance responsibilities. Each transaction on the platform that does not involve KP3R incurs a 0.3% fee, which is allocated to the treasury. Keepers who successfully complete jobs are compensated with KP3R tokens, which can be staked to engage in governance or to receive dividends, contingent on the platform's governance decision to generate and distribute them.

Keep3rV1 is a platform built on Ethereum that leverages KP3R, an ERC-20 governance token. This indicates that it depends on the Ethereum blockchain to validate any on-chain KP3R transactions. Ethereum employs a proof-of-work consensus algorithm, where miners compete to add new blocks to the blockchain, and a majority of all nodes within the network must verify a record for it to be recorded. On the Keep3rV1 platform, bonded Keepers are tasked with managing and approving jobs, as well as overseeing Keepers. This includes resolving disputes and blacklisting malicious actors when necessary. Before its launch, the project's smart contracts were audited by PeckShield, a blockchain security firm, at the end of October 2020. The audit concluded that Keep3rV1 was "well-designed and engineered" and did not reveal any critical security vulnerabilities. However, it did highlight some potential medium- to high-severity risks, which, according to Croje, have been logged and addressed. For more detailed information about the current statistics and performance of Keep3rV1, please refer to the Eulerpool platform.

KP3R is mainly traded on Uniswap (V2), where it can be exchanged against WETH (WETH) and USD Coin (USDC). It is also available for purchase on platforms such as Bilaxy, Binance, and MXC.COM, where it can be traded on spot markets against Ether, Binance Coin (BNB), and Tether (USDT), respectively. If you are interested in purchasing KP3R or other cryptocurrencies like Bitcoin (BTC), Eulerpool offers a straightforward, step-by-step guide to educate you on cryptocurrencies and how to buy your first coins.