Ekubo, the concentrated liquidity automated market maker built on Starknet, just pulled off something most DeFi protocols only talk about: radical transparency. The protocol submitted a B-2 filing under Blockworks’ Token Transparency Framework and scored 39 out of 40, putting its governance and treasury practices under a very public microscope.
What the filing reveals
The B-2 filing lays bare Ekubo’s governance architecture. The Ekubo DAO holds irrevocable ownership of the protocol’s core smart contracts on Starknet, meaning no single entity, not even the development company, can unilaterally alter how the protocol operates.
Governance proposals require 100,000 delegated EKUBO tokens to move forward. That’s a meaningful threshold given the total fixed supply of 10 million EKUBO tokens, roughly 1% of total supply needed just to propose a change.
Ekubo, Inc., the company that actually builds and maintains the protocol, holds one-third of that 10 million token supply. The company provides ongoing engineering and product support, but the DAO retains final say over revenue, contracts, and strategic direction.
