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.
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.
Ellipsis [OLD] can be used across several areas:
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.