What is Kubo?

Kubo is a derivatives Automated Market Maker (AMM) that enables traders to go long on any cryptocurrency—from ETH to altcoins—with up to 100x leverage.

There are three ways to generate value with Kubo:

• Leveraged long trades: Up to 100x leverage and no funding rate

• Repo trades: Receive a guaranteed fixed return on your capital after 24 hours

• Liquidity provision: Deposit tokens into Kubo's liquidity pools to earn pro-rata yields

No Order Books

Unlike many other derivatives, Decentralized Exchanges (DEXs), which use order books, Kubo is an AMM. Kubo's AMM design allows for an entirely on-chain exchange that cannot be manipulated and does not require a funding rate. All operations use the underlying assets on-chain, with verifiable USD-denominated spot pricing from Chainlink oracles.

Integrations

The first integration for Kubo is Susa, a highly-performant perpetual futures DEX on N1 (previously Layer N) built by Sushi Labs. Susa will utilize Kubo's unique architecture to allow traders to make leveraged long trades with up to 100x leverage and no funding rates, alongside Kubo's novel delta-neutral short instrument, repo trades. Soon, liquidity pools and stablecoin vaults will both also be available on Susa via Kubo.