Andre Cronje Announces Keep3r Expansion With Eden Network
August 30 2021 - 2:00PM
NEWSBTC
Renowned developer Andre Cronje has revealed a new partnership with
Eden Network that will benefit Keep3r users. As part of the
strategic partnership, according to a post written by Cronje,
Keep3r Network has acquired 602,409 EDEN tokens. Eden Network,
previously ArcherDAO, is a transaction ordering protocol that
protects its users from “arbitrary reordering” while making
transactions on Ethereum. In other words, users are protected from
transaction frontrunning by sending transactions via the Eden
Network. The protocol is optional and non-consensus breaking, their
official website claims, and offers a “fair set of rules to order
transactions within each block”. In addition, it has a reward
system to realized Miner Extractable Value (MEV) profits. The
acquisition of the EDEN tokens guarantees that Keep3r Network has
“probabilistic certainty” to become a Slot Tenant on Eden Network.
Gmi🥳 @AndreCronjeTech + @thekeep3r invest in the Eden edge 🍃. We
love this 2x:– @thekeep3r making a large investment in their
platform performance for the benefit of their users😍– A strategic
partner and guide that continues to help us to develop our product
for ETH users🤓 https://t.co/ZKYyghF7lH — Eden Network Formerly
Archer_DAO (@EdenNetwork) August 27, 2021 This will grant premium
blockspace to Keep3r effectively allowing to “own a slice of every
block” and have priority to insert transactions, benefit from
private transactions, users will receive better prices to transact
on Ethereum, and thus Keep3r will increase its adoption levels. To
access these benefits, a person needs to leverage the kp3r proxy,
the post clarified. Andre Cronje said the following on Keep3r
Network’s new collaboration: This is valuable for Keep3r as we can
protect keepers & jobs from frontrunning while having priority
access to block space. Over half of Ethereum hashpower is on the
Eden Network. Eden Network Contributes To Solve Ethereum’s High
Fees Problem? As NewsBTC has reported on several occasions, high
transactions fees have become a major issue for the Ethereum
ecosystem. Thus, solutions emerged from many sectors, such as the
series of tools developed by Flashbots, Eden Network and its user
focus MEV approach, L2 scaling solutions like Optimist Rollout, and
others. Ethereum is the epicenter of some of the hottest trends in
the crypto industry, from DeFi to Non-fungible tokens (NFTs), and
on-chain gaming. To trade or interact with a smart contract, a
transaction must be triggered. Cronje, known as the developer
behind Yearn Finance, and for his motto “I test in prod”, seems to
acknowledge the importance of integrating Keep3r with solutions
that mitigate the high fee issue. The main objective is to protect
users, but also to encourage them to use Ethereum and prevented
them from migrating to alternatives. In the past weeks, Ethereum
competitors and their ecosystem have been thriving on the back of
the high costs to operate on its network. Recently, Solana and
Cardano reached new highs with massive rallies that have gone, at
some point, against the general trend in the market. In the short
term, Eden could gain more relevance as other projects will
prioritize the preservation of their user base amidst the current
congestion of the Ethereum network. The team behind Eden Network
told NewsBTC the following on their collaboration: This partnership
demonstrates the value that blue chip DeFi projects are finding in
Eden Network’s priority protocol. In the near term, we plan to
continue to expand access and awareness of Eden Network to traders,
who currently are being quietly exploited by malicious MEV bots on
the order of several millions of dollars per week. Taking advantage
of Eden Network is low-hanging fruit that offers a lot of
advantages. At the time of writing, ETH trades at $3,225 with
sideways movement coming out of the weekend.
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