🗃️ @EkuboProtocol Dossier#4- Oracle Pools and Buyback
🔸 The main @Starknet protocol continues to innovate, two major proposals have been approved and already implemented:
- Buyback of $EKUBO (Buyback);
The Buyback proposal allows the withdrawal of USDC/STRK/ETH revenue and the repurchase of EKUBO tokens by DCA.
⚠️ IMPORTANT: It has not yet been decided what to do with the $EKUBO tokens acquired via BuyBack. Holders are still deciding on the drafting of the proposal, one of the possibilities is distribution to $EKUBO STAKERS.
- Oracle pools with liquidity;
The new $EKUBO oracle allows developers to create a price oracle that is completely resistant to on-chain manipulation, locking an amount of liquidity in the EKUBO/token pool.
The oracle allows developers to query historical prices and calculate realized volatility on-chain.
🔸 Even the @OpusMoney project has created its $CASH / $USDC oracle pool
- @StarknetFndn CATALYST PROGRAM
As I previously reported, EKUBO's DAO received 6M $STRK from #Starknet's Catalyst program, with 3M $STRK unlocked immediately.
The remaining tokens will be vested monthly over the next 4 years.
EKUBO has already used 180,000 $STRK to power the first vote that fixed TWAMM.
To maintain a 1-1-1 USDC/ETH/STRK treasury ratio, 2.82 million $STRK was sold, yielding 224.05 $ETH and 746,093 $USDC.
DID YOU LIKE THE EKUBO DOSSIER #4?
LIKE
RT
COMMENT BELOW WHICH PROJECT you want to see a DOSSIER about ⬇️⬇️
#starknetdefi