{"id":355105,"date":"2021-10-19T23:03:30","date_gmt":"2021-10-19T20:03:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bottom-buying-traders-and-new-governance-features-back-keeperdaos-118-rally\/"},"modified":"2021-10-19T23:03:30","modified_gmt":"2021-10-19T20:03:30","slug":"bottom-buying-traders-and-new-governance-features-back-keeperdaos-118-rally","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bottom-buying-traders-and-new-governance-features-back-keeperdaos-118-rally\/","title":{"rendered":"# Bottom-buying traders and new governance features back KeeperDAO\u2019s 118% rally"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2787971d4a1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2787971d4a1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bottom-buying-traders-and-new-governance-features-back-keeperdaos-118-rally\/#Governance_features_back_the_current_rally\" >Governance features back the current rally<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bottom-buying-traders-and-new-governance-features-back-keeperdaos-118-rally\/#ROOKs_treasury_and_total_value_locked_surge\" >ROOK&#8217;s treasury and total value locked surge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bottom-buying-traders-and-new-governance-features-back-keeperdaos-118-rally\/#Investors_bought_the_bottom_and_the_community_showed_up\" >Investors bought the bottom and the community showed up<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bottom-buying traders and new governance features back KeeperDAO\u2019s 118% rally <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The rapidly evolving realm of decentralized finance (DeFi) has brought a new level of utility and value to the cryptocurrency ecosystem in 2021 but has also provided nefarious actors with numerous exploits in siphoning profits and tokens away from unsuspecting investors. <\/p>\n<p>In the past few days, KeeperDAO (ROOK), a DeFi protocol that allows participants to trade, borrow and stake assets with protection from miner value extracted (MEV) bots that front-run transactions, has rallied 118%.\u00a0<\/p>\n<p>Data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that since trading at a low of $124.70 on Oct. 12, the price of ROOK has rallied 118% to a daily high at $298 as its 24-hour trading volume spiked from an average of $7 to $24 million. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/dd88a01d-7b85-44de-8a1b-6f45dbda1a91.png\"><figcaption style=\"text-align: center;\"><em>ROOK\/USD 4-hour chart. Source: <\/em><em>TradingView<\/em><\/figcaption><\/figure>\n<p>The reasons for the surging price of ROOK include the roll-out of community governance features, an increasing total value locked on the protocol and the possibility of a new token buyback mechanism that could help to reduce the circulating supply of ROOK. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Governance_features_back_the_current_rally\"><\/span>Governance features back the current rally<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Governance features have been growing in prominence across the cryptocurrency ecosystem over time as community control is seen as one of the main features of a truly decentralized network that is not under the control of one small group or entity. <\/p>\n<p>As part of its evolution toward a fully functioning DeFi protocol, KeeperDAO introduced its new governance voting structure on Oct. 4 with the release of two KeeperDAO improvement proposals (KIPs), which established the simple format for writing KIP\u2019s and chose the first group of community Sophons to contribute to the community&#8217;s growth. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Voting on KIP-0 and KIP-1 is now LIVE and will run for 7 days.<\/p>\n<p>KIP-0: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/4ECMFcZEIQ\">https:\/\/t.co\/4ECMFcZEIQ<\/a><\/p>\n<p>KIP-1: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/M4i4MvTd97\">https:\/\/t.co\/M4i4MvTd97<\/a><\/p>\n<p>Please vote &#8216;No objection&#8217; if you have no objections. This helps us demonstrate a high degree of support for these initial KIPs.<\/p>\n<p>\u2014 KeeperDAO \u265c\u265c\u265c (@Keeper_DAO) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Keeper_DAO\/status\/1445142004669714437?ref_src=twsrc%5Etfw\">October 4, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Both proposals passed without objection on Oct. 11, which allowed the KeeperDAO community to begin putting its treasury to work earning a yield for the ecosystem. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"ROOKs_treasury_and_total_value_locked_surge\"><\/span>ROOK&#8217;s treasury and total value locked surge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another reason for ROOK&#8217;s increasing momentum is the protocol&#8217;s growing treasury, which is now back near its all-time highs established during the market run-up in May. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/ac77d9c4-c81a-4e54-889d-df3045c454c0.png\"><figcaption style=\"text-align: center;\"><em>KeeperDAO treasury. Source: Dune Analytics<\/em><\/figcaption><\/figure>\n<p>According to data from Dune Analytics, the total value of the KeeperDAO treasury currently <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dune.xyz\/shadow\/KeeperDAO\">sits<\/a> at $122.2 million, while the total value of assets locked on the protocol now stands at $390 million. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/ba407813-31ba-41cb-937a-5ecbd62396cf.png\"><figcaption style=\"text-align: center;\"><em>KeeperDAO total value locked. Source: Dune Analytics<\/em><\/figcaption><\/figure>\n<p><strong><em>Related: <\/em><\/strong><strong><em>How to make DeFi easier for newcomers, explained<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investors_bought_the_bottom_and_the_community_showed_up\"><\/span>Investors bought the bottom and the community showed up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another reason for the building strength of ROOK is the ongoing governance votes, which are focused on reducing the circulating supply of ROOK, cutting back emissions to stakers and funding development through the end of 2021.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">gm voters.<\/p>\n<p>KD Improvement Proposals 2, 3, and 4 are now live for voting <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/zF2Nj8t3T7\">https:\/\/t.co\/zF2Nj8t3T7<\/a><\/p>\n<p>\u2014 KeeperDAO \u265c\u265c\u265c (@Keeper_DAO) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Keeper_DAO\/status\/1449405302357446661?ref_src=twsrc%5Etfw\">October 16, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>KPI-2 aims to decrease the emission rate of ROOK, which would effectively lower the number of tokens minted in each cycle. KPI-4 is a proposal to use some of the protocol\u2019s \u2018Ninja\u2019 profits to buy back ROOK from the open market and burn them. <\/p>\n<p>At the current rate, this would translate into $800,000 worth of ROOK tokens being burned monthly, which would help lower the circulating supply and theoretically increase the price of the remaining tokens. <\/p>\n<p>KPI-3 proposes additional funding for individual contributors who help with the development and growth of KeeperDAO. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bottom-buying-traders-and-new-governance-features-back-keeperdao-s-118-rally\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bottom-buying traders and new governance features back KeeperDAO\u2019s 118% rally &#8221; The rapidly evolving realm of decentralized finance (DeFi) has brought a new level of utility and value to the cryptocurrency ecosystem in 2021 but has also provided nefarious actors with numerous exploits in siphoning profits and tokens away from unsuspecting investors. In the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":355106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvOTQwOTJmMDItYTljYy00NGYxLWI4MDktOWE3ZTc5NjBjZGZkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,75186,74868,73785],"class_list":["post-355105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-dao","tag-defi","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/355105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=355105"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/355105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/355106"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=355105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=355105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=355105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}