Ekubo
@EkuboProtocol
Open source permissionless AMM infrastructure
Swap, provide liquidity, and view protocol stats at
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STONX is coming to Robinhood Chain
It combines staking, voting and emissions to improve onchain liquidity and pricing for stock tokens
Initial pool: 333,333 USDG + 333,333 STONX at 1 USDG per STONX, funded by the Ekubo DAO
Which stock tokens need liquidity most? 🧑🌾
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New integration: @BarterDeFi has integrated Ekubo V3.
Barter is a CoWSwap solver that facilitated over 40,000 swaps and $370M in volume through Ekubo V2. Now they're routing through V3.
More solvers routing through Ekubo means better execution for traders and more fees for LPs.
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The Ekubo protocol is safe to use.
Following the recent router approval incident on Ethereum, here is a full update on the situation:
- Our Starknet instance was never affected.
- Our Ethereum deployment is fully mitigated and the app is safe to use.
- LP deposits were never at risk - only users who had previously approved the router were affected.
Going forward, the Ekubo frontend will only support swapping with wallets that support batch transactions, ensuring approvals are spent in the same transaction they're created.
A reimbursement plan for affected users is being discussed and details will be shared once approved by the DAO.
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Since the exploit, our team has been working to protect users. We executed a complex whitehat to prevent further losses from users, up to $284,000.
We have made the huff router source code that was exploited this week available, along with a postmortem on GitHub here:
Please be patient while we work on next steps. We intend to propose a resolution plan to the DAO next week. This is the last tweet.
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Especially revoke approvals to these affected addresses:
Ethereum:
- 0x8ccb1ffd5c2aa6bd926473425dea4c8c15de60fd (V2)
- 0x4f168f17923435c999f5c8565acab52c2218edf2 (V3)
Arbitrum:
- 0xc93c4ad185ca48d66fefe80f906a67ef859fc47d (V3)
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There is an active security incident on Ekubo swap router contract on EVM chains only. Liquidity providers are not affected. Starknet is not affected.
We are investigating the scope of the issue, but to be safe revoke all outstanding approvals:
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DeFi isn’t dead.
Industry leading APRs of up to 15% on stablecoin pairs mean LPs can still outperform TradFi alternatives.
Are your stables sitting idle? Put them to work on Ekubo.
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DeFi should be a public good. Ekubo was built with that in mind - ownerless, permissionless, deployable on any EVM chain by anyone, with no hidden fees.
The most efficient AMM ever created, available to everyone.
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What's the biggest barrier stopping you from LPing on a DEX you haven't used before?
Better rewards for Liquidity Providers
To further reward in-range LPs, we’ve reduced the volatility parameter for the below pairs, concentrating the reward ranges.
Rewards are now more focused on active liquidity, meaning an increase in APR for in-range liquidity!
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Congratulations to @ready_co on this huge milestone!
Ekubo is proud to be a key partner, powering swaps behind millions in Ready Card spend.
One week into the EKUBO-ETH incentive program:
TVL has more than doubled since incentives were announced and active in-range LPs are still earning up to 750% APR.
Reminder: Boosted Fees rewards only in-range LPs, out-of-range liquidity earns nothing extra.
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💭 How LPs on Ekubo on Ethereum earn more as liquidity grows:
Ekubo has the lowest execution cost of any DEX on Ethereum. Aggregators already route through us, but when liquidity isn't deep enough they split larger swaps across higher-cost competitors.
Deeper liquidity eliminates that split. Fully routed swaps mean one low-cost execution instead of two, which drives more volume and better returns for LPs.
The incentives are here to close that gap.
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