Ekubo: How Uniswap Didn’t Actually Fund Ekubo
As a relatively new AMM, Ekubo brings complexity to the decentralized finance (DeFi) world on Starknet. It offers some serious expert features that disrupt the status quo. This Starknet dApp stands out with its smart design made for traders who can use it to build complex strategies. Explore what sets the Ekubo dApp apart in the world of Starknet AMMs and discover ways to showcase your trading expertise using the Starknet Pro Score.
Ekubo Snapshot
To get a quick summary of the Ekubo Starknet dApp, check out its profile.
| Activity Type | Automated Market Maker (AMM) |
| Category | Decentralized Exchange, DeFi |
| Launch Date | 06/2023 |
| Availability | Mainnet & Testnet |
| Description | Ekubo is a Uniswap v3-like automated market maker (AMM) built for Starknet, where you can swap and provide liquidity. Thanks to features like concentrated liquidity and a scalable, gas-efficient structure, Ekubo decreases transaction fees for traders and ensures great execution for swaps. |
| USP | Ekubo maximizes capital efficiency and reduces transaction costs for traders. With concentrated liquidity, LPs can choose their preferred price ranges with precision for the best returns. Ekubo’s singleton design consolidates all liquidity pools into a single contract, which allows for the reduction of gas costs for aggregators. Moreover, developers can build unique functionalities on top of Ekubo with third-party extensions. |
| Website | https://ekubo.org/ |
Ekubo’s Decentralization Prospects
Will Ekubo be decentralized? This is still unconfirmed. While Ekubo hasn’t expressed interest in open-sourcing their code, the current landscape presents numerous competitors developing AMMs on Starknet who already have a market presence. To establish a foothold in this competitive market, Ekubo intends to keep its contracts closed-source for the time being. Does Ekubo have a token? Not yet. Their previous funding agreement with Uniswap Labs Ventures foresaw the creation of the Ekubo token. Ekubo planned to introduce a governance token within a month after the proposal’s approval, allocating 20% of the token supply to the Uniswap DAO’s treasury.
However, the agreement with Uniswap Labs Venture was canceled in November 2023. So no funding yet.
The Ekubo team has also stated its intention to explore methods for distributing withdrawal fees collected by the protocol among its users.
| Token distribution roadmap | Not communicated |
| Decentralization roadmap | Not communicated |
| Investment rounds completed | 0. (Proposed and canceled seed round of $12M Q4 2023) |
Do you want to explore the best DeFi dApps on Starknet? Then read the following article: Best DeFi dApps On Starknet: Discover Which One Leads The Way
Ekubo Community Overview
Ekubo is gradually increasing its community initiatives. While they’ve introduced some community programs, there’s potential for additional campaigns as this Starknet AMM continues its development.
| Community Campaigns and Programs | YES |
| Leaderboard | YES |
| Starknet Pro Score Integration | YES |
| Starknet Pro Score Campaign | TBD |
| Other Campaigns | YES |
| Socials | Discord: discord.com/invite/RFbSXxtqUG Twitter: twitter.com/EkuboProtocol Telegram: https://t.me/Ekubo_Protocol |
| Discord Members | 82k |
Discover how Ekubo compares to other AMMs on Starknet, see the table below.
| V1 or Concentrated Liquidity (CL) | |
| mySwap | CL |
| JediSwap | V1 |
| 10K Swap | V1 |
| Ekubo | CL |
| SithSwap | V1 |
If you want to discover the top DEXs on Starknet, read this article: Best Starknet DEXs and AMMs: These dApps Are DeFi Superstars
Explore Ekubo and Grow Your Pro Score
Making transactions on Ekubo is a great opportunity to familiarize yourself with the Starknet system. Moreover, you can track all your interactions and level up your Starknet Pro Score. Not sure what that means? No problem, just read on. This nifty transaction tracker doesn’t just keep tabs on Ekubo; it also covers other cool Starknet dApps. It’s like turning your Starknet journey into a fun game and showing off your skills in the Starknet world. Using Starknet Pro Score is simple. Go to the dApp Gallery in your Braavos wallet, find Ekubo, make transactions and your Pro Score will grow.
We recommend the following Ekubo transactions to enhance your Starknet Pro Score:
- Swap
- Add Liquidity
- Remove Liquidity
Aiming for the stars? Check out the comprehensive Pro Score guide to learn how to reach 100%.
Explore More Starknet dApps like Ekubo with the dApp Gallery
If you’d like to avoid spending too much time looking for Starknet projects, here’s a solution. The dApp Gallery on Braavos features a selection of relevant Mainnet projects, easily accessible with a single click from your wallet. This list allows you to interact with authentic projects, minimizing the chance of encountering fraudulent or phishing attempts. Still, please, note that alhtough we aim for secure connections, we cannot guarantee the integrity of these dApps or the absence of bugs. Access the full list of Starknet projects in the dApp Gallery right away. Simply download the Braavos Wallet. It’s free. Enjoy your exploration of Starknet, and optimize your Starknet journey by growing your Starknet Pro Score!
