Ekubo Protocol
Crypto Overview
Project Overview
Ekubo Protocol is a decentralized exchange (DEX) built on the Starknet ecosystem, aiming to provide efficient concentrated liquidity for decentralized trading. The protocol introduces innovations in automated market making (AMM) design specifically optimized for the Starknet Layer 2 scaling solution.
Purpose and Utility
The primary purpose of EKUBO is to serve as a governance token for the Ekubo Protocol, allowing holders to participate in decision-making regarding protocol parameters, fee structures, and future development. The token also provides liquidity incentivization mechanisms for protocol participants.
Business Model Analysis
The protocol generates revenue through trading fees from decentralized exchange operations, with a portion of these fees being directed to token holders who participate in governance. The core business model revolves around facilitating decentralized trading with improved capital efficiency.
Development Activity and Adoption
The protocol is actively being developed with regular GitHub commits and improvements to the codebase. While still in its early stages, it has gained some traction within the Starknet ecosystem, though adoption metrics are limited at this time.
Token Distribution
The exact token distribution metrics are not publicly available at the time of this report. Further research is needed to determine the precise allocation between team members, investors, and the community.
Crypto Impact
To assign a comfort level investing in Ekubo Protocol 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 Ekubo Protocol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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