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NFT Term

Keeper

Definition of Keeper from the NFTguild.com glossary.

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In the world of DeFi and smart contracts, many protocols rely on continuous updates of chain states. Since a smart contract is not capable of triggering or initiating a function based on arbitrary conditions, it must rely on external software entities to initiate state updates. Keepers are externally owned accounts that are financially incentivized to perform maintenance functions in a trustful and decentralized manner.