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logoEllipsis (EPX)

A Decentralized Exchange for Stablecoin Swaps on BNB Chain.
  • Ellipsis is a decentralized exchange that allows for the swapping of stablecoins with low slippage and minimal fees on BNB Chain. It is an authorized fork of Curve.
  • On March 18th, 2022, Ellipsis released version 2.0 and changed the token ticker from EPS to EPX. The original EPS tokens migrated to EPX at a ratio of 1:88. The relative total supply increases 1.5x.
  • EPX is Ellipsis' BEP-20 native token. Users can lock EPX to receive vlEPX, and has the following utilities:
    • Receive trading fees: trading fees on the platform will be paid out proportionately to the amount of vlEPX each user hold. Fees will be collectecd over a week and be paid out the following week.
    • Boosting: vlEPX allows holders to earn a boost of up to 2.5x on the liquidity they are providing on Ellipsis.
    • Voting: vlEPX holders can participate in some limited governance on Ellipsis, like managing pool incentives.
  • The project consists of the following major components working in conjunction:
    • Base Pools: Ellipsis has two base pools, the 3EPS pool consisting of BUSD, USDC and USDT, and the btcEPS pool, consisting of renBTC and wBTC.
    • Meta pools: they allow for one token to trade with another token with a Base pool as underlying. For example, users could seamlessly trade fUSDT between the three coins in the 3EPS pool (BUSD-USDC-USDT).
    • Factory pools: permissionless pools that can be created by anyone.
  • More details of the EPX token allocation can be found here.
  • As at June 12th 2022, the maximum supply of EPX is 132,000,000,000.