/bite-keeper

Maker Keeper Framework: Keeper to bite undercollateralized cups.

Primary LanguagePythonGNU Affero General Public License v3.0AGPL-3.0

bite-keeper

Build Status codecov

The DAI Stablecoin System incentivizes external agents, called keepers, to automate certain operations around the Ethereum blockchain.

bite-keeper is one of the simplest keepers. It constantly monitors a Tub contract looking for unsafe cups and bites them the moment they become unsafe. Ultimately, it should take into account the profit it can make by processing the resulting collateral via bust and only waste gas on bite if it can make it up by subsequent arbitrage. For now, it is a dumb keeper that just bites every cup that can be bitten.

https://chat.makerdao.com/channel/keeper

Installation

This project uses Python 3.6.2.

In order to clone the project and install required third-party packages please execute:

git clone https://github.com/makerdao/bite-keeper.git
cd bite-keeper
git submodule update --init --recursive
pip3 install -r requirements.txt

For some known Ubuntu and macOS issues see the pymaker README.

Usage

usage: bite-keeper [-h] [--rpc-host RPC_HOST] [--rpc-port RPC_PORT]
                   [--rpc-timeout RPC_TIMEOUT] --eth-from ETH_FROM
                   --tub-address TUB_ADDRESS [--gas-price GAS_PRICE] [--debug]

optional arguments:
  -h, --help            show this help message and exit
  --rpc-host RPC_HOST   JSON-RPC host (default: `localhost')
  --rpc-port RPC_PORT   JSON-RPC port (default: `8545')
  --rpc-timeout RPC_TIMEOUT
                        JSON-RPC timeout (in seconds, default: 10)
  --eth-from ETH_FROM   Ethereum account from which to send transactions
  --tub-address TUB_ADDRESS
                        Ethereum address of the Tub contract
  --gas-price GAS_PRICE
                        Gas price in Wei (default: node default)
  --debug               Enable debug output

License

See COPYING file.

Disclaimer

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