Liquidity Initiative on Ekubo: BOLD-USDC

Initiatives
1

About the Protocol

Ekubo Protocol is the most efficient AMM protocol ever, delivering the best pricing using super-concentrated liquidity.

Proposal Overview

This initiative aims to incentivize a BOLD/USDC concentrated liquidity pool on Ekubo.

  • Phase 1: Ekubo will bribe LQTY voters to support the pool with PIL emissions, improving the already good organic yield.

  • Phase 2: A Solidly-like mechanism will be introduced, where LPs receive PIL emissions, while voters earn the pool’s fees - creating a positive feedback loop of growing volume, deeper liquidity, and higher BOLD rewards.

Usage of the funds received

100% of the funds will be used as liquidity incentives on the BOLD/USDC pool on Ekubo.

Impact for BOLD

  • Establishes a liquid and efficient BOLD/USDC pool for better swap execution
  • Reduces slippage on large trades - an issue that limited LUSD adoption
  • Supports deeper integration with DAOs/institutions, and aims to drive broader institutional adoption of Liquity V2 through improved liquidity infrastructure

Threshold & Target

There is no minimum amount of BOLD required for this proposal to be delivered.

Ekubo DAO has discussed a potential bribing/incentive matching program for BOLD. The community is receptive to the idea and is committed to demonstrating Ekubo’s effectiveness for stablecoins and incentive programs with its partners.

Impact Measurement, Tracking and Key Metrics

  • Growing liquidity and volume
  • Decreasing sippage on larger trades

Reporting

PIL efficacy will be covered extensively by Ekubo community members and the Ekubo X account

  • TVL in BOLD-USDC pool
  • BOLD-USDC liquidity distribution and volume
  • Incentive amount and APR
  • Capital efficiency

Practical Information

Receiving address: 0x00000C771F6176268D5A9846E0956C3eF58597A1

Nature: Ekubo protocol deployer

5 Likes
2

Excited about this initiative. How does Ekubo profit from this besides growing TVL, as fees and bribes given to LQTY stakers and LPs, respectively?

3

I’d say biggest benefit for Ekubo will be opportunity to pilot its incentive infra and stablecoin efficiency with a blue chip product on Eth mainnet. They timing of Liquity v2 relaunch is very good for Ekubo, both projects have similar values and it is a natural fit for partnership, allowing Ekubo to bridge its community and grow its user base. If Ekubo performs well here, it will be easy to market the infra to other projects like Ethena, Resolv, and similar who are looking to incentivize stablecoin pools or pools in general.

2 Likes