Ekubo Has Launched V2 on Ethereum, Providing Users with More than 30% Savings Compared to Top AMMs
In Brief
The Ekubo Protocol proudly announces the launch of V2 on the Ethereum network, enabling users to effortlessly swap tokens and contribute liquidity on the platform.
Automated market maker (AMM) Ekubo Protocol Ekubo has officially revealed that V2 is now operational on Ethereum, providing the opportunity for users to swap assets and add liquidity seamlessly on the platform.
The transition to V2 boasts an impressive over 30% reduction in costs when compared to other leading AMMs, thanks to innovations like smaller ticks and added features that enhance its flexibility. This upgrade empowers Ekubo Protocol to offer superior pricing with reduced liquidity demands.
Moreover, integrations with decentralized finance (DeFi) services and aggregators are in progress, including partnerships with ParaSwap, Kyber Network, the decentralized exchange Matcha, and MEV protection provider PropellerHeads. The goal of these collaborations is to enhance pricing transparency and improve the CoW DAO auction process for users.
The platform's code has undergone a thorough audit by blockchain security specialists, Painshift and ABDK Consulting.
Ekubo Protocol: What Is It?
This automated market maker (AMM) stands out with several distinctive features, such as concentrated liquidity and a structure that is both gas-efficient and extensible. Through the use of laser-focused liquidity strategies and an efficient architecture, it strives to deliver competitive pricing. The Ekubo protocol is designed to achieve an optimal balance between the efficiency of swap executions and the returns for liquidity providers. Its contracts have been strategically crafted to maximize capital-efficient liquidity at minimal costs.
Launched in early alpha on the Ethereum mainnet back in January, this project introduced its complete contract code along with an innovative oracle extension. Initially, it debuted on Starknet in 2023. Starknet The governance of Ekubo is facilitated through a decentralized autonomous organization (DAO) that operates on Layer 2, holding rights over the Layer 1 deployment.
Recently, Ekubo successfully implemented a proposal to enhance liquidity in the oracle pools on the mainnet, which now collectively house over $200,000 in liquidity with a zero percent fee, thereby enabling atomic arbitrage with other protocols.
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