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  1. Home
  2. /Glossary
  3. /Keeper
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defi

Keeper

A bot or user that performs necessary maintenance tasks on DeFi protocols in exchange for a reward.

Definition

A bot or user that performs necessary maintenance tasks on DeFi protocols in exchange for a reward. Keepers handle things like liquidating undercollateralized loans, executing limit orders, and rebasing elastic supply tokens. Without keepers, many DeFi protocols wouldn't function properly.

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Related Terms

Liquidation

When a borrower's collateral is forcibly sold because their position became too risky.

DeFi (Decentralized Finance)

Financial services built on blockchain without traditional intermediaries.

Smart Contract

Self-executing code stored on a blockchain that runs when conditions are met.

1inch

A DEX aggregator that splits trades across multiple decentralized exchanges to find the best overall price.

Aave

One of the biggest lending and borrowing protocols in DeFi.

Across Protocol

A cross-chain bridge that uses an optimistic verification system and a network of relayers to move tokens between chains quickly.

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