As part of our efforts to improve transparency, the Ellipsis team has secured a first audit with Hacken.
As this report highlighted the admin of the rewards contract could potentially direct the EPS rewards to themselves, we have put the admin into a multisig with the following people: Michael (Curve Finance Founder), Ben (Curve Finance CTO), banteg (Yearn lead dev), Alex (Ellipsis co-founder), James (Ellipsis co-founder).
You can read details about the multisig here: https://docs.ellipsis.finance/dev/admin-multisig
This step means the issue reported has been mitigated. Ellipsis contracts are not upgradeable as we chose to adhere to Curve’s highest standards of blockchain development and decentralization. This means the Ellipsis team never has access to any of users’ funds.
You can find the full audit below:
We thank the Hacken team for auditing Ellipsis.
As we distribute the first weekly EPS airdrop for veCRV holders, we’d like to take this opportunity to say: THANK YOU! We did not know what to expect during the launch of Ellipsis, but the response has far exceeded our wildest dreams. In less than twenty four hours we have:
Ellipsis.finance is an exchange for stable coins on the Binance Smart Chain (BSC). It allows for stable coins swap with very low slippage and minimal fees.
Ellipsis is an authorised fork of Curve Finance. As a result of this agreement, veCRV holders will receive 25% of the supply over the next 12 months.
Curve Finance will provide support to the Ellipsis team. We have committed to Curve core values of which are :
a. no deposit or withdrawal fees,
b. no lock ups on liquidity, and
c. extremely efficient stable coin swaps.
The Ellipsis token (EPS) is a revenue earning…