Joined June 2023
- Tweets 738
- Following 31
- Followers 22,295
- Likes 1,111
118 Photos and videos
Pinned Tweet
Jan 12
Ekubo V3 is now live on Ethereum and Arbitrum!
With Ekubo’s new frontend, you can now create V3 positions on Ethereum and on Ekubo’s first-ever EVM L2 deployment, @arbitrum.
Aggregator support is already in progress, and support for more EVM chains is coming in the near future!
New, super-optimized contracts.
New opportunities.
Unmatched capital efficiency.
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May 29
Revenue buybacks on Ethereum went live on Monday. >20k EKUBO has already been repurchased!
Our solution to revenue buybacks is fully automated and permissionless, and can be utilized by any DAO or token
Find information about the EKUBO buybacks here:
ekubo.org/governance/revenue…
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May 20
The EKUBO-ETH incentive program just hit its first ramp-up.
LPs are currently earning over 1,500% APR on active in-range liquidity. And we're not done. Another increase is scheduled for next month when incentives reach their peak.
Add liquidity below 👇
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May 19
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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May 18
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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May 13
Regarding the recent exploit on our Huff router contract, we are beginning to formulate the recovery plan.
In the meantime, please revoke any approvals to the huff router contracts. There are still ~15 addresses that have not revoked approvals:
github.com/EkuboProtocol/huf…
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May 13
You can revoke your allowances here: revoke.cash/exploits/ekubo?c…
This is the last tweet. Be wary of phishing links.
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May 9
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.
After the Ekubo Huff Router incident, users with lingering ERC20 approvals to vulnerable deployments could still have been drained later, even with zero balances at the time.
To eliminate this risk without requiring user action, we deployed a rescue contract that neutralized vulnerable allowances and prevented potential future theft of funds currently valued at ~$284k.
The mechanism worked as follows:
- Ekubo Core flash-loaned tokens to the user
- the vulnerable router immediately used the user's allowance to repay the loan
- this exhausted the allowance without requiring user action
Note that this method only works for finite approvals whose amount does not exceed Ekubo Core's balance of that token.
By cancelling all eligible allowances across the three vulnerable mainnet router deployments, we eliminated most of the remaining approval risk:
etherscan.io/tx/0xa328e8f63a…
Source code:
github.com/EkuboProtocol/huf…
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May 8
We have made the huff router source code that was exploited this week available, along with a postmortem on GitHub here:
github.com/EkuboProtocol/huf…
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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May 5
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: revoke.cash
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May 5
Especially revoke approvals to these affected addresses:
Ethereum:
- 0x8ccb1ffd5c2aa6bd926473425dea4c8c15de60fd (V2)
- 0x4f168f17923435c999f5c8565acab52c2218edf2 (V3)
Arbitrum:
- 0xc93c4ad185ca48d66fefe80f906a67ef859fc47d (V3)
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May 5
We are working on the post mortem and will release it as soon as it is available. In the meantime be wary of any links claiming to be related to Ekubo Protocol or the exploit.
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May 4
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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Ekubo retweeted
May 2
Dex volumes are so cooked lately that doing any meaningful LP on wide ranges is pointless, unless you’re DCAing into the majors. You can get 20-25% APR just by looping STRC wrappers (AK stablecoins) or other PTs instead.
Unless you’re on @EkuboProtocol - they launched USDC incentives and are beating every other DEX by ~40-50% more fees.
Moved my LPs there for at least some juice (I'm looping STRC wrappers too, lol)
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May 1
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.
Apr 30
so the megaeth terminal dex takes 50% of your LP fees. i gave them $4k this morning 🥶🥶🥶
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Apr 30
What's the biggest barrier stopping you from LPing on a DEX you haven't used before?
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Apr 28
Call to all stakers and delegates:
Proposal to claim proceeds from a previous buyback proposal and enable additional token buybacks from TBTC protocol fees is live.
Make sure to vote, you can find the link below 👇
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Apr 27
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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Apr 23
One week into the Ethereum USDC incentive program and the early results are in:
3/4 incentivized pools have nearly doubled in TVL.
Across all four pools, LPs are earning more than 2x the APR of comparable pools on competing DEXes.
ETH/USDC - 81% APR
ETH/WBTC - 73% APR
WBTC/USDT - 135% APR
ETH/USDT - 80% APR
A key difference from most incentive programs: all rewards are distributed in USDC.
The incentives run for another 11 weeks and you can add liquidity in the comment below 👇
If you’re not sure what range to set, make sure to check out @LpDexhq
First week of @EkuboProtocol rewards campaign is over, don't forget to claim your USDC rewards!
550 USDC / day is running another 3 months on the ETH / USDC pool 🤑
Want to LP but not sure about the range to set?
Let's look at @LpDexhq analytics to see what makes sense 🧵
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