Keepers

Keepers functioning as automated bots that ensure the order book remains relevant and efficient. As market conditions evolve, the order book may become congested with outdated or irrelevant orders. Keepers play a pivotal role in addressing this by continuously monitoring the order book.

Their primary responsibility is to identify offers that are failing. Once a failing offer is detected, Keepers targets them to clean them off the book. This action involves setting a gas price in such a way that the offer’s bounty offsets the gas expenditure. Essentially, Keepers act as the custodians of the Oxium ecosystem, maintaining its integrity and smooth operation.

In addition to managing failing offers, Keepers are tasked with keeping the gas price up to date. This is crucial for determining the compensation for Takers who remove a failing offer from the list. By doing so, Keepers ensure that Takers are appropriately remunerated for their role in sustaining the efficiency and cleanliness of the order book.

Through these functions, Keepers play an indispensable role in the maintenance and operational effectiveness of the Oxium ecosystem, safeguarding its functionality and reliability.