Last updated 11/11/2022
Official Website: https://ellipsis.finance/
Ellipsis, a decentralised exchange (DEX) and permitted Curve Finance fork on the BNB chain. Ellipsis is an Automated Market Maker (AMM) or exchange that enables users and other decentralised protocols to trade tokens (such as BUSD to USDC) with little slippage and little cost.
Ellipsis makes use of liquidity pools as opposed to exchanges that pair buyers and sellers. Ellipsis requires a large volume of liquidity (tokens) in the pools in order to achieve successful exchange volume and little slippage. Ellipsis rewards liquidity providers with EPX tokens to encourage them to deposit liquidity into its pools.
The native token for Ellipsis is called Ellipsis (EPX). The main goals of the EPX token are to reward Ellipsis.finance's liquidity providers and give users access to the incentive distribution.
The total supply of EPX is 132B tokens.
Since stablecoin projects use the StableSwap protocol, a more effective swap protocol for pegged tokens, they would benefit from using Ellipsis' pools. By using Ellipsis rather than DEXes like PancakeSwap, it means that the underlying tokens in a pool are more likely to maintain their peg.
In August 2022 Ellipsis team announced the launch of capital-efficient crypto swaps. Ellipsis now provides the most capital-efficient swaps between stable pairs (such as BUSD > USDC) and common crypto pairs (such as BNB > BUSD) on the BNB chain.
Ellipsis pools will perform better than x*y=k AMMs like Uniswap or PancakeSwap if liquidity is equivalent. Ellipsis is now the best option on BNB Chain regardless of liquidity since equal performance can be obtained with less liquidity.
A user-friendly option to keep your $EPS secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting your MetaMask wallet.
Similarly, a multi-platform universal crypto wallet MathWallet can be used to store Ellipsis (EPS) tokens secure. It also has a multi-chain DApp store.
You can Buy & Sell Ellipsis (EPS) here at BC Bitcoin.
You can Buy Ellipsis (EPS) by heading over to the Buy Coins page of our website. Ellipsis (EPS) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $EPS has never been easier, simply place your order and provide your wallet address. Once your payment arrives, EPS will be sent directly to your wallet.
If you choose to Sell Ellipsis (EPS), you can send us the coins and receive a payment to your bank account. Details and a live valuation can be found on the Sell Coins page.
Block Explorer: https://bscscan.com/token/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.