KeeperDAO is similar to mining pools for Keepers. By incentivizing a game theory optimal strategy for cooperation among on-chain arbitrageurs, KeeperDAO provides an efficient mechanism for large scale arbitrage and liquidation trades on all DeFi protocols.

Keepers borrow funds from a communal pool of compatible assets. Anyone can borrow from the pool to leverage on-chain opportunities. Profits from the on-chain opportunity are returned to the pool. Profits are distributed between Keepers and Liquidity Providers (LPs). Liquidity providers are anyone who deposits assets to the liquidity pool.