Ellipsis 2.0 Timeline
Ellipsis 2.0 is upon us in less than a month. In order to ensure a safe migration to the new protocol, the following timeline and actions will be taken.
March 31st at 12:00 (noon) UTC
- Ellipsis 1.0 will end; rewards and staking and locking will be finished.
- EPS Lockers should claim all rewards before this time. Any unclaimed BUSD will be lost forever. Unclaimed EPS will be provided as claimable EPX.
- EPS earned by LPs that has not been claimed into the vesting contract prior to this time will be lost forever. Please vest any unvested rewards by this time.
- EPS <> EPX migration will be available on ellipsis.finance for users to migrate their tokens. This facility may not be live precisely at 12:00 noon. There is no hurry to convert EPS to EPX. Please note that EPX will be frozen and non-transferable until the protocol launches (see date/time below).
- Users with locked tokens please refer to this update.
- The team will be preparing the claim for users who had staked or vesting tokens. This claim will be ready no later than April 2nd. Please note that claimed EPX will be frozen and non-transferable until the protocol launches (see date/time below).
April 13th 00:00: UTC Protocol Launch
- Ellipsis 2.0 will begin.
- Voting for the first week of LP rewards will begin and last 24 hours.
April 14th 00:00 UTC
- The first week of EPX rewards will begin.
- Voting for the second week of LP rewards will begin and last one week.
- Rewards for EPX locked this week (14th to 21st) will accumulate and be claimable to users the following week (21st to 28th).
April 21st 00:00 UTC
- The second week of EPX rewards will begin.
- Voting for the third week of LP rewards will begin and last one week.
- Fees from the previous week will begin streaming for week one EPX lockers.
April 28th 00:00 UTC
- The third week of EPX rewards will begin.
- EPX stakers will be able to propose reward incentives for pools not yet receiving rewards.
- Voting for the fourth week of LP rewards will begin and last one week.
- Fees from the previous week will begin streaming for week one EPX lockers.
By April 28th all aspects of Ellipsis 2.0 will be live.
Liquidity Providers
Liquidity positions do not require migration.
LP tokens staked for rewards will need to be removed from the 1.0 staking contract and deposited into the 2.0 staking contract by the end of the day on April 13th to receive EPX rewards that begin on the 14th.
Liquidity rewards
For pools to receive rewards, an EPX holder must propose a vote for a pool to receive rewards. If this vote passes, then in the subsequent week, EPX lockers can vote to send EPX emissions to that pool.
Ellipsis 2.0 will launch with several pools already able to receive rewards. When the protocol launches on April 13th, this first reward distribution voting period will last for 24 hours. EPX rewards for liquidity providers will begin after this 24 hour period.
