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 token. EPS stakers can earn fees from the Ellipsis protocol.
Fees will be equally split between EPS stakers and liquidity providers (50%/50%).
Reward Pool and Staking Pool
Liquidity providers will receive their EPS from the reward pool. Rewarded EPS claims trading fees and vest over three months. It’s possible to skip the vesting for a 50% early exit penalty. The tax is distributed to users who locked in the staking pool.
The staking pool receives trading fees as well as the EPS tax from people exiting the reward pool early for those who chose to lock for a period of three months. The staking pool has mandatory no lock-up.
80% of those rewards will be distributed to liquidity providers while 20% will be distributed to EPS/BNB Liquidity Providers.
5% — Month 1
4% — Month 2
3% — Month 3
18% — Rest of Year One (2% a month)
12.5% — Year 2
6.25% — Year 3
3.125% —Year 4
3.125% — Year 5
A snapshot of veCRV holders will be taken weekly and ~0.48% (25% over a year) of the EPS supply will be distributed to Curve veCRV holders.
Tokenomics of the EPS token
Total Supply: 1,000,000,000 EPS
- 25% veCRV — Airdropped weekly over a year
- 55% LP Rewards
- 20% team — vested for one year
EPS will launch the 24th of March 2021.
- Main site: https://ellipsis.finance/
- Twitter: https://twitter.com/ellipsisfi
- Telegram: https://t.me/ellipsisfinance
- Gitbook: https://docs.ellipsis.finance
More details to come…