After reading about Keep3r a few weeks ago in a Medium article from @andre.cronje, I’ve been contemplating the idea of running my own Keeper. While I am relatively confident about the devops side of things, I am however worried about the initial capital requirements for running a Keeper.
- To be able to run jobs, Keepers have to have enough ETH to cover the gas fees;
- Since I don’t have the capital to buy 100 tokens at their current market price, I can’t use the
MetaKeep3rcontract to recoup my gas costs by exchanging the bonded KP3R tokens that I would receive for running jobs;
- Since the only active job which rewards keepers directly in ETH is the
Keep3rV1Oraclewhich requires 200 bonded tokens–for completely understandable reasons–I can’t go this route either;
- Therefore my only option seems to buy enough ETH upfront to cover 14 days worth of fees, to find jobs, to somehow finish them first without spending a gas price greater than the indicated fast gas price (which is not easy given that two or three keepers already have the resources to out-gas me), and then to unbond all of my KP3R after 14 days to swap them for ETH to recoup my gas fees.
- Even in that last scenario, I have to hope that the KP3R/ETH exchange rate is going to either remain constant or go up (otherwise I’ll run at a loss here too since the reward would have been computed based on a 14-day old price), which I’m scared is a lot to ask given the speculator-induced volatility of the price.
So I’m wondering if I’m missing something obvious here, or if you guys have any ideas as to how I could at least hedge myself against a drop in KP3R/ETH–I don’t really care about making profit here, I would just like to avoid running at a loss.
Thanks a lot!