What Ubeswap does

Ubeswap is a mobile-first decentralized exchange (DEX) and automated market maker (AMM) protocol deployed exclusively on the Celo blockchain, targeting cryptocurrency users who access DeFi via phones or browsers. The platform enables permissionless swapping of Celo-ecosystem assets, liquidity provision in exchange for LP tokens, yield farming with UBE rewards, and on-chain governance through a DAO. It offers two exchange versions: Ubeswap V2 (forked from Sushiswap, which itself forks Uniswap V2) and Ubeswap V3 (core contracts copied directly from Uniswap V3 with branded periphery contracts and NFT-based concentrated-liquidity positions). A sub-product, Ubestarter, is positioned as the first token launchpad on Celo, enabling project teams to run token sales with automated liquidity and vesting.

The protocol's technology stack borrows battle-tested code from Uniswap, Sushiswap, Synthetix, and Compound to maximize compatibility with Ethereum tooling. UBE, the governance token, uses a decomposed contract architecture (UbeToken, VotingPower, VotingToken, TransferrableVotingToken) modeled on Uniswap governance, paired with a RomulusDelegate contract similar to Compound Governance Alpha and a Timelock enforcing a minimum two-day delay on administrative transactions. Wallet integrations span Valora (primary mobile onboarding, connected via deep linking), MetaMask (post-Donut Hardfork), Ledger (via WalletConnect), and the Celo Extension Wallet.

Revenue mechanics are entirely decentralized with no corporate pricing layer: liquidity providers earn 0.25% on trades (compounded back into pools), and Ubestarter charges a non-refundable 10,000 UBE fee per project launch. Go-to-market is product-led and community-driven via Discord, Telegram, Twitter, Medium, and GitHub, with no traditional sales motion. The project is registered as a San Francisco, USA private entity, but no management team, parent company, disclosed revenue, or external institutional investor is identified in the source material; the firmographic '10,000+ employees' figure is inconsistent with the protocol's decentralized, DAO-governed structure. A 2023 funding event with Flori Ventures is recorded with $0 raised, and a new 250,000,000 UBE token economy was implemented on March 16, 2024 following a holder vote.

Name

Ubeswap

Legal name

Ubeswap

Website

https://ubeswap.org

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Ubeswap is a mobile-first decentralized exchange and automated market maker on the Celo blockchain, enabling permissionless token swaps, liquidity provision, yield farming, and token launches via its Ubestarter launchpad.

Ownership category

akta.pro rank

Product category

Decentralized Exchange (DEX)

NAICS

Securities and Commodity Exchanges (52321)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Spot AMM DEXs (FSADABAA)

akta.pro secondary industries

Decentralized Exchanges (DEX) & AMMs (FSAPADAB), Decentralized Exchanges (DEX) & AMMs (FSADAMAB)

Keywords

• Decentralized exchange
• Automated market maker
• Liquidity provision
• Yield farming
• Token launchpad

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations

Revenue model

1. Trading Fees: Liquidity providers earn 0.25% fee on all trades proportional to their share of the pool. Fees are added to the pool, accrue in real time, and can be claimed by withdrawing liquidity. Ubeswap likely captures a portion through tokenomics.
2. Ubestarter Launchpad Fees: Project teams pay 10,000 UBE to create a launchpad on the Ubestarter platform. This fee supports the launchpad creation process and promotes projects within the Ubestarter ecosystem.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Ubeswap operates a mobile-first decentralized exchange (DEX) and automated market maker (AMM) protocol on the Celo blockchain, enabling permissionless token swapping, liquidity provision, and yield farming for Celo assets. It also offers Ubestarter, a launchpad for new token sales on Celo, governed by the UBE token through a DAO. Users access the platform via web or mobile browser by connecting supported wallets (Valora, MetaMask, Ledger, Celo Extension Wallet).

Product overview

Ubeswap is a mobile-first decentralized exchange (DEX) and automated market maker protocol built on the Celo blockchain. The platform operates two exchange versions (V2 forked from Sushiswap and V3 based on Uniswap V3) for token swapping and liquidity provision. Ubeswap's product suite includes: Ubeswap DEX as the core exchange platform; Ubestarter as a launchpad for new token sales on Celo; UBE governance token for protocol voting; Ubeswap Farming for liquidity mining rewards; and Ubeswap Governance with DAO mechanisms. The protocol reuses battle-tested code from Uniswap, Sushiswap, Synthetix, and Compound to support existing Ethereum ecosystem tools.

Differentiator

Problem solved

Functional benefit

Brands

• Ubestarter: The premier launchpad built on the Celo network, designed to empower innovative projects by providing a decentralized and secure platform for token sales. As the first launchpad on Celo, it facilitates seamless interactions between project creators and investors.

Products and services

• Ubeswap DEX Mobile-first decentralized exchange (DEX) and automated market maker (AMM) protocol built on the Celo blockchain for trading Celo assets. Targeted at individual crypto traders and DeFi participants who connect a supported wallet and swap tokens without intermediation.
• Ubeswap V2 Exchange Exchange protocol forked from Sushiswap handling trading and liquidity provision on Celo. Uses no proxy contracts so the contract implementation cannot be replaced, providing strong security guarantees. Core contracts are UniswapV2Factory and UniswapV2Router02.
• Ubeswap V3 Exchange Exchange protocol based on Uniswap V3 core contracts with minimal modifications. Includes NFT Position Manager for concentrated liquidity positions and uses modified periphery contracts with Ubeswap branding.
• Ubestarter Launchpad Premier launchpad built on the Celo network for launching new token projects, enabling decentralized and secure token sales with automated liquidity management and vesting schedules. Project creators must hold 10,000 UBE to create a launchpad. Targeted at token project founders and DAOs.
• Ubeswap Farming Liquidity mining pools that allocate UBE rewards to various pools. V3 Farm Protocol creates incentives for Ubeswap V3 Liquidity Positions with rewards distributed based on Total Value Locked (TVL).
• Ubeswap Governance (DAO) DAO governance module including RomulusDelegate (similar to Compound Governance Alpha), Timelock (ensuring minimum 2-day delay for admin transactions), and voting mechanisms that allow UBE holders to vote on protocol direction.

Quantifiable outcome

• 0.25% trading fee for liquidity providers
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered foundational and core.

• UniswapfoundationalTechnology or IntegrationUbeswap V2 is forked from Sushiswap which is forked from Uniswap V2. Core exchange contracts are based on Uniswap architecture with modifications. V3 core contracts are direct copies of Uniswap V3 core with minimal changes.
• SushiswapfoundationalTechnology or IntegrationUbeswap V2 contracts are forked directly from Sushiswap codebase with a diff available on GitHub. Only modification is a helper view function to get pair addresses.
• ValoracoreTechnology or IntegrationValora is the recommended mobile wallet for Ubeswap. Users can connect Valora to Ubeswap via deep linking. Primary mobile onboarding wallet for Celo users.
• MetaMaskcoreTechnology or IntegrationDesktop wallet supported via Celo network integration. Users switch from Ethereum to Celo network to access Ubeswap.
• LedgercoreTechnology or IntegrationHardware wallet recommended for storing amounts greater than $1,000 USD. Connected via WalletConnect.
• Celo Extension WalletcoreTechnology or IntegrationCelo-native browser extension wallet supported for desktop access to Ubeswap.
• Romulus (Celo DAO)coreStrategic or Co-development PartnerDAO governance platform where UBE token holders vote on pool distribution and yield farming allocations. Governs the protocol's economic parameters.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Uniswap: Uniswap is the canonical AMM DEX on Ethereum; Ubeswap V3 is a direct copy of Uniswap V3 core contracts. It is the closest product/market peer — same AMM model, same V2/V3 architecture, and the same target user (DeFi swappers and LPs) — but operating with vastly superior liquidity and brand.
• PancakeSwap: PancakeSwap is the leading AMM DEX on BNB Chain with multichain deployments. It offers an identical product suite (swap, LP, farms, launchpad/IFOs) directly comparable to Ubeswap's full stack including Ubestarter.
• Curve Finance: Curve is a leading DEX specializing in stablecoin and low-slippage swaps via AMM. It operates a similar DeFi exchange model on EVM chains and targets DeFi liquidity providers and traders — the same core use case as Ubeswap.
• Trader Joe: Trader Joe is an AMM DEX on Avalanche with concentrated-liquidity V2 design and a launchpad (JoePEGG). Comparable product suite to Ubeswap and Ubestarter, targeted at a single-chain ecosystem just like Ubeswap on Celo.
• Balancer: Balancer is an AMM DEX allowing customizable liquidity pools. It is a comparable DeFi trading venue on EVM chains with governance token mechanics analogous to Ubeswap's UBE token and DAO structure.
• SushiSwap: SushiSwap is the codebase Ubeswap V2 was forked from. It operates the same AMM model and yield-farming incentives across multiple chains. Closely comparable business model, product offering (swap + LP + farms), and target user as Ubeswap.
• Velodrome: Velodrome is the leading AMM DEX on Optimism with a ve(3,3) tokenomics model and active governance. Comparable to Ubeswap as a chain-dominant DEX with strong governance token utility and farming incentives.
• QuickSwap: QuickSwap is an AMM DEX on Polygon with V2/V3 forks of Uniswap. It is closely comparable to Ubeswap in product architecture, mobile-friendly web interface, and single-L1 ecosystem focus.

Broad incumbents

• Uniswap (Celo deployment): Uniswap has historically deployed to multiple EVM chains including Celo, putting the canonical AMM DEX directly on Ubeswap's home turf. It represents the most significant competitive overhang due to brand, liquidity, and incentives.

Emerging players

• Moola: Moola is the leading Celo-native lending protocol and an integration partner of Ubeswap (LPs can use mTokens like mcUSD/mcEUR). It is comparable as another core Celo DeFi primitive targeting the same mobile-first user base on the same chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ubeswap
• GitHubgithub.com/Ubeswap

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ubeswap