### What is Ellipsis [OLD]?

Ellipsis [OLD] is a decentralised finance (DeFi) protocol that originally launched on the BNB Smart Chain (BSC) as an authorised fork of Curve Finance. It was designed to facilitate low-slippage stable swapping, providing secure, efficient, and cost-effective exchanges primarily for stablecoins.

### How does Ellipsis [OLD] work?

Ellipsis [OLD] operates as an Automated Market Maker (AMM) and uses liquidity pools to enable decentralised token trades. Users can provide liquidity to these pools and are rewarded for their contributions. The platform leverages smart contracts to manage these pools and facilitate transactions, ensuring low fees and slippage for users exchanging stablecoins.

### What are the potential use cases for Ellipsis [OLD]?

Ellipsis [OLD] can be used across several areas:
- **Decentralised Finance (DeFi)**: Engaging in stablecoin trading with minimal slippage.
- **Automated Market Maker (AMM)**: Utilising the platform's AMM model to provide liquidity and earn rewards.
- **Liquidity Provision**: Token holders can participate by adding liquidity to pools, thus earning incentives.
These applications support the broader adoption of stablecoin trading and liquidity provision within the DeFi ecosystem.

### What is the history of Ellipsis [OLD]?

Ellipsis [OLD] was launched in 2021 as a fork of Curve Finance, specifically tailored for the BNB Smart Chain. Initially, it employed the EPS token for operations. In May 2022, the protocol transitioned from EPS to a new token, EPX, at an exchange rate of 88 EPX to 1 EPS. This migration marked a shift in the project's operational dynamics while maintaining its core focus on efficient and secure stablecoin trading. The founding team remains anonymous, which is a common practice for decentralised exchanges.

Ellipsis

Deposits are not currently available for this coin.

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