Thread by @ledgerstatus

Little thread on the Hiding Game and $rook. Thanks to @APETOGETHER for his help, and @CryptoMessiah too.

This address tracks the daily activity of the main keeper bot. The balance is moved about 100 blocks after each daily epoch, giving us a baseline.

app.zerion.io/0x3d71d79c2249…

@APETOGETHER @CryptoMessiah Those withdrawals go to the treasury.

We can calc daily Keeper arb profits with napkin math by taking post withdrawal balance ($230k yesterday) to the balance right before new withdrawal.

This tells us the rook rewarded for giving arbs to the bot.

app.zerion.io/0x9a67f1940164…

I think ~762 rook are paid to traders who offer limit orders to the KeeperDao dex.

So far today, Keeperbot has earned $382k in profits arbing.

If arb bot stops making money now, the average "price" of the rook rewards to traders to break even is ~$500.

There is no guarantee rook rewards should outpace what is "lost" in the limit order (profit captured by KeeperDao), but it does help establish a valuation metric.

tl;dr the KeeperDAO keeper is printing profits. The "cost basis" of those rook is quite high today.

Now imagine if larger DEXs or aggregators decide to wrap their limit orders into the KeeperDAO hiding game? Captured MEV will skyrocket and the "cost" of those rook reward would super moon.

Also, I tested this all day yesterday, and all my limit orders were hitting. It works.

The dex interface stinks still, but it's already improving quickly. The underlying order/arb execution is quite nice, however. Rockier launch than hoped, but I anticipate DEXs and aggregators that need reliable limit executions as table stakes are going to consider KeeperDAO.

You can learn more about the Hiding Game here.

/fin

medium.com/keeperdao/let-…