Ellipsis EPX Price $ 0.000209

Ellipsis.finance is an authorized fork of Curve.fi. Version 1.0 has been providing Curve’s StableSwap protocol to users on the BNB chain. Version 2.0 will bring other dimensions of Curve to Ellipsis:

• Reward gauge voting
• Reward weight voting
• Reward boost.

Token holders will be able to lock their tokens for vote weight, and use that weight to vote on adding rewards to pools, and on which pool they would like to direct rewards. A user’s locked tokens will also determine the level of APR boost to apply to their Liquidity Providing rewards.

The EPS token will be migrating to a new token, EPX. Migration to this new Ellipsis token begins on March 31st (time to be announced) and has no deadline. The new token will be locked from transfers or trading until the launch of the protocol.

The EPX token will have some changes from EPS:

• Relative total supply will increase 1.5x (from 1B to 1.5B);
• Absolute total supply will increase 88x, to 132B tokens (88x the new relative total supply, or 1.5B * 88).

Users will receive 88 EPX tokens for each EPS token they migrate. Migration instructions will be available in the documentation before migration begins.

Ellipsis is an automated market maker (AMM) or exchange that allows users and other decentralized protocols to trade between different stablecoins with very low slippage compared to other AMM solutions. Similar to Uniswap or PancakeSwap, Ellipsis uses liquidity pools for their markets and offers rewards to those who supply liquidity, also known as liquidity providers. A small fee is charged for every trade on Ellipsis.finance, and a portion of this fee is split evenly between all liquidity providers.