In partnership with Valas Finance, Ellipsis announces a new pool: the val3EPS pool.

Similar to the popular 3EPS pool, the val3EPS pool contains BUSD, USDC and USDT. Tokens that are deposited into the val3EPS pool are also deposited into Valas Finance. This means that that in addition to swap fees, liquidity providers also earn lending fees and VALAS incentives.

We are excited about this partnership as it allows Ellipsis LPs to earn extra money and ensures greater available liquidity for Valas borrowers. We look forward to exploring more ways to collaborate, and growing our protocols together in the future.

You can find the new val3EPS pool here.

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Peckshield has completed an audit of the Ellipsis 2.0 contracts. No critical issues were found; all flagged issues have been resolved. The audit report is public and has been published here.

Following the successful audit, we have now open-sourced the Ellipsis 2.0 codebase. The Github repository for the contracts can be found here. We are still performing additional tests and internal review but do not anticipate any further changes.

We encourage potential integratoooors to review it and reach out to us with any questions or feedback.

We thank the Peckshield team for auditing Ellipsis.

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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:

https://github.com/ellipsis-finance/ellipsis-audits/blob/main/010421_Hacken_Ellipsis_SC_Audit_Report.pdf

We thank the Hacken team for auditing Ellipsis.

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