Ekubo Protocol (EKUBO)

Extremely curious to see if this new DEX model by @EkuboProtocol will be successful.

It feels like the rate genuine innovation in the DEX space and for once it is not a disguised ponzynomic.

I will be following the traction closely. It is too soon to allocate in $EKUBO before the model show some PMF sign. But if it does it could be a rare opportunity at $24M FDV.

Do you think the new @EkuboProtocol V3 model has a chance to be a solid edge over other DEX model?

Still contemplating taking high risk high reward chance on $EKUBO.

The valuation is very low currently but the reward is entirely contingent on the success of the new model

There is very few DEX innovation in the market right now. Most of the time what you see is 3,3 ponzi like restarted on new chain. But very few real new stuff in the AMM world. Even @Uniswap V4 feel quite tedious.

The latest real advance was probably @0xfluid debt based DEX.

But I got intrigued by the announcement of a new version of another DEX protocol.

The approach of @EkuboProtocol V3 feel genuinely innovative and interesting. Having a singleton (and thus efficient) DEX contract which can be shared and licensed by different frontend, for maximum unified liquidity sound promising .

It feels similar to the @Morpho approach in essence (while actually quite different) but for DEX.

There definitely no guarantee that this model will work and successfully attract liquidity. This is actually a very speculative endeavor at this point.

But if the combination of an efficient DEX implementation + licence DEX model succeed, then it will be worth a lot more than $30M.

That is why I am contemplating allocating a bit in $EKUBO. It could be a very assimetrical opportunity at this price.

Still very speculative at this point so I am waiting to see how things develop, but keeping an a focused eyed on it.