Keep3rV1 (KP3R) network can be described as a "job matching" network for those posting job listings seeking "Keepers" to perform tasks for them, along with an incentive mechanism for all involved parties.
Keep3rV1 (KP3R) began with modest beginnings, including a Twitter post written by its creator Andre Cronje. Due to the reputation gained in this field (Cronje's first project YFI increased in market value from 0 USD to 300 USD in just 2 months and sparked the current DeFi wave), many rushed to buy Cronje's KP3R token as soon as it was listed on Uniswap, suggesting everything he touches turns to gold and thus was a "sweet deal". Immediately after the launch, KP3R prices rose at a rate of about 1 USD per minute.
Keep3rV1 (KP3R) is a decentralized platform designed to facilitate coordination between projects that need external development operations and those who can provide these necessary services. Essentially, the project serves as a job board facilitating interaction between job postings, such as decentralized finance protocols, and job executors known as Keepers. Tasks performed by Keepers range from submitting and calling on-chain transactions to completing complex off-chain computations. Keep3rV1 uses an ERC-20 token, KP3R, for governance and to provide rewards to Keepers.
The project was first announced on October 22, 2020, and launched in beta mode on the Ethereum mainnet on October 28, 2020.

Keepers are technically knowledgeable individuals or teams capable of taking on "jobs" such as flash liquidations, providing Uniquote price feeds, harvesting yield farming, and executing Metawallet batch transactions. These are simple manual tasks but can be somewhat tedious as they need to be done regularly. For instance, harvesting yield farming typically needs to be done daily. These tasks are often performed by programmers, namely Cronje himself, but they are time-consuming.

On the Keep3rV1 network, anyone can add a specific job that needs to be done by someone. Jobs are smart contract calls that require an external entity to perform an action in good faith without any malicious intent or outcome. Thus, they will register themselves on the network as a "job" and provide relevant documentation and details such as job name, address, etc.
The Keeper, i.e., the person or team, will then register themselves as capable of doing the job and fulfilling the contract of the job. Keepers have the freedom to set up their devops, infrastructure, and create their rules to complete the job. This entire process is done on-chain, and the advantage is that anyone can verify that a specific task has been completed.

KP3R is the native token for the Keep3rV1 network and having more KP3R implies a higher "reputation" within the network. For example, suppose a job requires someone to harvest from a YFI contract. This task could affect the prices of different cryptocurrencies and potentially bring someone to the forefront. Thus, it's desired that the person completing this task acts in everyone's best interests and not selfishly.
This is where the KP3R token comes into play. Those completing tasks are rewarded with KP3R, the amount of which is determined by an additional fee varying with the job's complexity, in addition to the 'gas' spent for the transaction. The more KP3R tokens one has, the higher the "reputation" in the field, and consequently, higher-level jobs can be undertaken. It's also worth mentioning that there is a mechanism to slash the bound KP3R of a malicious participant if detected.

Keep3rV1 (KP3R) was founded by blockchain engineer and application developer Andre Cronje, who recently came into prominence shortly after the launch of the DeFi project Yearn.finance (YFI) and its governance token YFI, which saw a 1,300-fold increase in value during its first two months in 2020.
Cronje previously served as the chief innovation and technology officer at the Fusion Foundation, the organization behind the Fusion protocol, where he managed initiatives related to decentralized applications, technology partnerships, and applications. He has also served in blockchain technology development roles for BitDiem, Cryptocurve, and Lemniscap, as well as being the chief technology officer at fintech firm Freedom and Shoprite Group and a lead code reviewer and contributor at Crypto Briefing.
Despite the incredible growth of Yearn.finance and YFI, Cronje has stated that his goal in launching new platforms is to empower developers, not speculators, by providing easy-to-use products and design templates.

Keep3rV1 (KP3R) aims to reduce maintenance for blockchain-based projects using a multitude of smart contracts to power increasingly complex systems. These projects often require external participants to complete tasks, and Keep3rV1 is designed as a decentralized ecosystem for projects and developers to work together more efficiently.
The Keep3rV1 network relies on "Keepers" who provide smart contracts, bots, or scripts capable of executing transactions or triggering events. To use the platform, a project submits a smart contract reviewed and approved by a Keeper who has staked and locked KP3R into the platform. Projects can set rules about which Keepers can take their job, such as a minimum bound KP3R stake or a certain number of previously completed jobs. While a project can offer Ether (ETH) in exchange for KP3R equivalent credits, Keepers are rewarded with KP3R for completing jobs.
Cronje has mentioned that Keep3rV1 offers the advantage of allowing the development of DApps that would otherwise be impossible, including a smart contract wallet MetaWallet that requires no transaction or ‘gas’ fees, and Unihedge, a permanent loss mitigation system.

Keep3rV1 does not have a predetermined token supply and has not gone through an initial token offering or token generation event. Instead, KP3R is minted when liquidity is provided to the platform via Uniswap. At the start of the project, Keep3rV1 reported $5.5 million in liquidity. Within the first day, it reached $9.8 million with a fee of $384,197.
The project's treasury is guarded by bonded Keepers responsible for governance. Every non-KP3R transaction on the platform incurs a fee of 0.3%, distributed to the treasury. Keepers completing jobs are rewarded with KP3R, which can later be staked for governance participation or dividends if the platform's governance decides to create and distribute them.

Keep3rV1 is an Ethereum-based platform using an ERC-20 governance token, KP3R. This means it relies on the Ethereum blockchain to validate any on-chain KP3R transactions. Ethereum uses a proof of work consensus algorithm, where miners compete with each other to add new blocks to the blockchain, and the majority of all nodes on the network must approve a record before it's published.
Within the Keep3rV1 platform itself, bonded Keepers are responsible for managing jobs, approving them, and managing other Keepers. This includes resolving disputes and blacklisting malicious participants if necessary.
The project's smart contracts were audited by PeckShield, a Blockchain security company, at the end of October 2020 before being released. The audit found that Keep3rV1 was "well-designed and produced" without critical security flaws identified, but it also identified some medium to high severity risks, which now have been recorded and updated by Croje.

The advantages of bonding KP3R include:

The disadvantage of bonding KP3R is the inability to immediately reimburse ETH for Keeper transactions. This means Keepers need to hold ETH for as many days as they have unbonded stake. The solution to this is MetaKeep3r.

Keep3rV1 (KP3R) has leveraged Chainlink’s highly secure and fault-tolerant oracles to enhance its services. Despite their similar functionalities, they serve different target markets.
For instance, Chainlink caters to companies like Fortune 500 firms that require always online, secure, and fault-tolerant access to a multitude of data. On the other hand, Keep3rV1 (KP3R) is developed for applications not yet in the Fortune 500. This means companies in the research and development stage. Therefore, the collaboration between the two protocols smooths the transition process when an application needs to increase its off-chain data through Chainlink.
Most importantly, the collaboration allows Keepers who have already completed a significant number of jobs to qualify to become part of Chainlink’s node operators executing critical tasks. When Keepers upgrade to become Chainlink node operators, they will transition from using KP3R for payment and staking to using LINK.

KP3R initially started at about 1 USD per token. However, due to speculators rushing in after hearing about a new Andre Cronje project, the token prices increased 27-fold within 40 minutes. In other words, this corresponds to about 1 USD per minute. As news about KP3R spread rapidly, more people bought the tokens out of fear of missing out (FOMO), which caused the prices to rise even further.
The prices reached an all-time high of 366.51 USD around 18:00 on October 29, 2020. Of course, the token prices during the initial price discovery phase have experienced some downturns as of the writing of this article.