Rook
Crypto Overview
Overview
Rook (ROOK) is the governance token for KeeperDAO, a protocol designed to coordinate on-chain activities to extract Maximal Extractable Value (MEV) and distribute the profits back to users. The project was rebranded to Rook in late 2021.
Purpose and Utility
The primary purpose of ROOK is governance over the protocol's development and treasury. Token holders can vote on protocol upgrades, parameter adjustments, and treasury allocations. The token also provides access to protocol revenues through staking.
Business Model and Operations
The protocol operates by coordinating MEV activities - identifying and capturing value from blockchain inefficiencies and arbitrage opportunities. While this involves sophisticated trading strategies, it represents actual value creation through market efficiency improvements rather than zero-sum gambling.
Development and Adoption
The project maintains active development, with regular updates to their MEV infrastructure and coordination mechanisms. The protocol has processed significant transaction volume, indicating genuine utility in its intended purpose.
Token Distribution
The token distribution includes allocations to the team and early investors with standard vesting schedules. While there is some concentration of tokens, this appears aligned with typical blockchain project structures rather than suggesting a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in Rook from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Rook.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.