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Running a debt staked auction keeper directly on a host

Running on a Host

Prerequisites

Python 3.6+

Get RAI

Buy RAI from Uniswap v2 or open a SAFE and generate it.

Clone

git clone https://github.com/reflexer-labs/auction-keeper.git
cd auction-keeper
git submodule update --init --recursive

Install

This creates a virtual environment and installs all the keeper dependencies:

./install.sh

1) Start virtualenv

source _virtualenv/bin/activate

2) Modify model file as needed

A basic debt stakedauction bidding model can be found in models/debt_staked_model.py. This model retrieves the latest FLX/USD price from coingecko and will automatically place bids in an auction.

You probably want to modify the following variables in models/debt_staked_model.py:

  • MAXIMUM_FLX_MULTIPLIER: the maximum acceptable FLX price to use when bidding. Default: 0.90 meaning the maximum price to pay when biding for FLX (with RAI) is 90% of the current FLX/USD market price from Coingecko
  • MINIMUM_FLX_MULTIPLIER: the minimumum FLX price to use when bidding. This will determine your opening bid.Default: 0.50 meaning the minimumm price to pay when biding for FLX (with RAI) is 50% of the current FLX/USD market price from Coingecko
  • MY_BID_INCREASE: the bid increase (in RAI) to propose when outbidding another bidder. If the value is smaller than the debt staked auction house's bidIncrease, then it will use the value set in the debt staked auction house. Example: a value of 1.10 will use bid increases of 10%. Note: the current bidIncrease on mainnet is 1.05

Then:

chmod +x debt_staked_model.py

For more information about bidding models, see Bidding Models

3) Modify keeper run file

Modify the following variables in run_debt_keeper_host.sh

KEEPER_ADDRESS - the keeper's address. It should be in checksummed format (not lowercase)

ETH_RPC_URL - the URL of your Ethereum RPC connection

KEYSTORE_DIR - the full path of the directory where your keystore file is

MODEL_DIR - the full path of directory where your debt_model.py file is

KEYSTORE_FILE - your Ethereum UTC JSON keystore filename

For more information about this keystore format and how to generate them, check:

GAS_MAXIMUM -maximum gas price, in GWEI

Then:

chmod +x run_debt_staked_keeper_host.sh

4) Start the keeper and enter your keystore file password

./run_debt_staked_keeper_host.sh

$ ./run_debt_staked_keeper_host.sh
Password for /keystore/key.json:

Debt Staked Auction Output

Sample debt staked auction output