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Keepers
Backd Keepers are off-chain bots that monitor registered liquidity and execute Backd Actions when needed. When a keeper successfully executes an Action, they receive a percent of the generated Action fee (in the form of LP tokens). Additionally, keepers are allocated Backd rewards in proportion to the value of actions they execute.
  • An open source Backd keeper implementation can be found here. Any individual can deploy this provided version, modify it, or create their own.
  • For more info on becoming a Backd keeper join our Discord or check out our blog post where we detail some of the advantages of running a keeper bot.

Action I: Collateral top-ups

Keepers report eligible loans to the Backd smart contract which then executes a collateral top-up. Collateral top ups occur on a priority basis. Meaning, the first keeper to report a collateral top-up is the one who earns the fee.
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