What Is Ellipsis (EPX)? Coin Review? Guide About Ellipsis

What Is Ellipsis (EPX)?

Ellipsis (EPX) is a cryptocurrency and operates on the BNB Smart Chain (BEP20) platform. Ellipsis has a current supply of 0. The last known price of Ellipsis is 0.00185024 USD and is up 9.48 over the last 24 hours. It is currently trading on 2 active market(s) with $179,412.07 traded over the last 24 hours.

Important Points Table Of Ellipsis

Basic	Points
Coin Name	Ellipsis
Short Name	EPX
Max Supply	1,000,000,000
Explorer	Click Here To View
Documentation	View Document
Website	Click Here To Visit

How to Buy the Continental & Trade On Exchange?

Ellipsis 2.0

Ellipsis finance is an authorized fork of Curve.fi. Version 1.0 has been providing Curve’s Stable Swap 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.

Secure, low-slippage stable swapping on BNB chain

Swap and stake stablecoins, lock EPX for fees, reward boost and vote weight on Ellipsis.finance, an authorized fork of Curve Finance.

The EPX Token

The EPX token can be locked for up to one year, allowing users to:

• vote on EPX pool incentives for liquidity providers,
• receive boosted yields as an LP,
• receive platform fees,
• vote on eligibility of pools to receive incentives.

Rewards for EPX locking

EPX lockers will receive their share of platform fees based on each user’s lock weight. These fees will be paid out in the tokens as they are collected; so fees in renBTC will be available as renBTC, BUSD will be available as BUSD etc.

Fees are collected over one week, and then paid out the following week. For example, fees collected from day 1 to day 7 (Week 1) will be paid out between day 7 and day 14 (Week

2).vlEPX weights used for distributing the fees are from the corresponding week. So the vlEPX weights at the end of week 1 will determine how the fees from week 1 are credited.

EPX reward distribution

Each week EPX lockers will be able to vote on which approved pool they would like to direct EPX rewards to. When voting closes, 1/4 of that month’s EPX rewards is split according to the vote and supplied to the pools.

Enabling rewards on pools

Not all pools on Ellipsis will be eligible for EPX rewards. In order to enable EPX rewards for a pool, an EPX locker with sufficient vote weight must propose a pool approval vote and that pool must pass the vote.

The EPS Token

Ellipsis (EPS) is the native token on the platform and provides value for liquidity providers and token holders.

Token Supply & Emission

The EPS token supply is one billion (1,000,000,000) tokens to be emitted over five years.

Token Distribution

• 55% Liquidity provider rewards: Continuously minted over five years with a progressively decreasing rate.
• 25% veCRV airdrop: Distributed weekly based on a veCRV snapshot.
• 20% team / development fund: Vested for one year with a continuous release.

Reward Pool and Staking Pool

Liquidity providers receive EPS rewards that vest for 3 months. Rewards can be claimed before the end of the vesting period but are subject to a 50% early exit penalty.

EPS from the early exit penalty is distributed to the locked staking pool. The most loyal EPS holders will stand to gain the maximum benefit upon conclusion of the 3 month vesting period.

The staking pool receives trading fees as well as the EPS penalty revenue from people who Exit the reward pool early (before the end of the 3 month vesting). The staking pool has no mandatory lock-up.