The concentrated liquidity AMM Ekubo, built on Starknet, has filed a B-2 under Blockworks’ Token Transparency Framework. It scored 39 out of 40, revealing its core governance.
The filing shows the Ekubo DAO holds irrevocable ownership of the protocol's smart contracts. No single entity, including the development company, can unilaterally change operations.
Governance proposals require 100,000 delegated EKUBO tokens. That is roughly 1% of the fixed 10 million token supply.
Ekubo, Inc. holds one-third of the tokens but the DAO retains final say over revenue and strategy. The DAO treasury has real-time on-chain visibility. Annualized revenue is approximately $400K to $450K.
The protocol has allocated over $1 million to EKUBO token buybacks. It has no relationships with centralized exchanges.
A 2023 Uniswap proposal considered a $12 million investment for a share of Ekubo's future governance token. Ekubo now also operates on Ethereum and Arbitrum.
In May 2026, an exploit on Ekubo’s EVM swap router drained about $1.4 million in WBTC. Core Starknet operations were unaffected.