Kriptoks

Ellipsis (EPS) is a decentralized finance (DeFi) platform that utilizes automated market makers (AMM) to allow users and other decentralized protocols to trade between different stablecoins without the intervention of a third party. Ellipsis is forked out of Curve Finance and aims to offer its services at a low slippage price compared to other AMM solutions. The platform uses liquidity pools to provide liquidity to the users, and rewards those who supply liquidity to Ellipsis, called liquidity providers. A small fee of 0.04 percent is charged on every trade on the platform, half of which is split evenly between all liquidity providers as rewards.

EPS is the native token of the platform. The token holders can stake their tokens by providing liquidity to earn staking rewards in LP tokens. These reward tokens can be withdrawn at any time or staked further to earn additional rewards. Furthermore, the Ellipsis smart contracts on the Binance Smart Chain employ a safe multi-sig mechanism, where no single entity can perform a malicious action within the protocol. Multi-sig membership on Ellipsis includes two Ellipsis founders, two members of Curve Finance, and one member of Yearn team. The platform is non-custodial, and the developers do not have access to any of the users' tokens.

Ellipsis Finance was launched in March 2021, and its codebase was audited on April 02, 2021. The maximum supply of EPS tokens is one billion tokens. The Curve Finance team is going to support Ellipsis, and Ellipsis is committed to following Curve Finance's main values.

Ellipsis is an excellent platform for those who are looking to trade between different stablecoins without a third party's intervention. It offers its services at a low slippage price compared to other AMM solutions, making it an attractive option for users. The platform utilizes liquidity pools, and rewards those who supply liquidity to Ellipsis, called liquidity providers. The small fee charged on every trade on the platform is split evenly between all liquidity providers as rewards, making it a profitable venture for those who supply liquidity. EPS is the native token of the platform, and the token holders can stake their tokens by providing liquidity to earn staking rewards in LP tokens. The platform is non-custodial, and the developers do not have access to any of the users' tokens.