Ellipsis

Ellipsis (EPX) is a cryptocurrency token that operates on the BNB Smart Chain (BEP20) platform. It is the native token of the Ellipsis ecosystem, which is an authorized fork of Curve Finance on the BNB chain. Ellipsis focuses on providing secure, low-slippage, stable swapping services. It aims to offer efficient and well-priced swaps, yield to token holders in a safe environment, and solutions for protocols to build deep liquidity for their tokens. The platform uses liquidity pools to facilitate token swaps with low fees and low slippage, incentivizing liquidity providers with EPX tokens.

• Tokenomics and Utility:

• EPX tokenomics are structured to incentivize liquidity provision on the Ellipsis platform. The token has three main uses: voting, locking (to acquire vote-locked EPX or vlEPX), and boosting rewards for liquidity providers. Locking EPX allows users to participate in governance, receive platform fees, and boost their liquidity provision rewards by up to 2.5 times.

• Revenue Distribution:

• EPX holders who lock their tokens can earn trading fees generated by the Ellipsis protocol. These fees are distributed in the same tokens as collected, based on the proportion of vlEPX held, and are paid out weekly.

• Governance and Incentives:

• EPX stakers participate in governance decisions, such as voting on pool incentives and eligibility of pools to receive incentives. The platform aims to distribute trading fees and 100% of penalty fees to EPX stakers, promoting active governance and incentivizing long-term holding.

• Supply and Market Position:

• The total supply of EPX is 1,000,000,000 tokens, with a circulating supply of 603,197,370 EPX at the time of the source. Ellipsis is noted for its significant market cap and TVL (Total Value Locked), outperforming its closest competitor, Belt Finance, in market capitalization.

• Price and Exchange Information:

• EPX is a BEP-20 token with a total supply of 132 billion tokens, aimed at incentivizing liquidity providers on Ellipsis Finance. Despite its low price in the current market, the platform has shown positive trends, especially after transitioning from EPS to EPX, with the potential for future growth.

As of today #{today’s date}, the price of Ellipsis is ₹0.01 INR or 0.0001294 USD, with a 24-hour trading volume of 9269025.85 USD. The market capitalization for Ellipsis is 9609140.5USD. The circulating supply is 74188426956.14 Ellipsis, with the total supply also being 132000000000 Ellipsis.

Pros:

• Incentivizes Liquidity Providers:

• EPX rewards liquidity providers, encouraging a high amount of liquidity in the pools.

• Voting Rights:

• EPX holders can vote on pool incentives and platform developments, giving them a say in the ecosystem’s direction.

• Low Slippage and Fees:

• The platform’s design ensures low slippage and minimal fees for swaps, enhancing user experience.

• Secure and Tested Environment:

• Being an authorized fork of Curve Finance, Ellipsis offers a secure and well-tested platform for stable swapping.

• Boosted Yields:

• Locking EPX tokens can significantly boost liquidity provider rewards, making it attractive for long-term holders.

Cons:

• Complexity for New Users:

• The mechanisms of liquidity providing, staking, and locking for boosted rewards may be complex for new users.

• Dependence on Liquidity:

• The platform’s efficiency and low slippage depend on maintaining high liquidity, which could be challenging during market downturns.

• Market Volatility:

• As with all cryptocurrencies, EPX is subject to market volatility, which can affect its value and the rewards from liquidity.

• Competition:

• Faces stiff competition from other DeFi platforms and stable swap services on various blockchains.

• Regulatory Risks:

• The evolving regulatory landscape for cryptocurrencies and DeFi platforms poses a potential risk to Ellipsis and EPX.

• Growing DeFi Ecosystem:

• Being part of the expanding DeFi ecosystem on the BNB Chain, Ellipsis has the potential for growth as the sector evolves.

• Rewards and Incentives:

• The platform offers attractive rewards and incentives for liquidity providers and EPX lockers, which could lead to passive income.

• Secure Platform:

• Leveraging the security and efficiency of Curve Finance’s model, Ellipsis provides a trusted environment for stable swapping.

• Active Development:

• Continuous improvements and feature additions, such as capital-efficient crypto swaps, indicate a commitment to platform growth.

• Community Governance:

• The ability for EPX holders to vote on key decisions empowers the community and aligns interests with the platform’s success.

• Authorized Curve Finance Fork:

• As an authorized fork, Ellipsis benefits from Curve’s established model while focusing on the BNB Chain, offering a unique position in the market.

• Capital-Efficient Crypto Swaps:

• The introduction of capital-efficient swaps for crypto pairs on the BNB Chain sets Ellipsis apart from competitors.

• Flexible Locking Mechanisms:

• The platform’s flexible locking mechanisms for boosting yields and earning platform fees provide users with various strategies for maximizing returns.

Ellipsis addresses the need for secure, low-slippage swapping of stablecoins and other assets on the BNB Chain. It provides a platform for efficient asset exchanges, incentivizes liquidity provision, and supports protocols in building deep liquidity for their tokens, addressing key challenges in the DeFi space.

There is no information about the founder or founders of the Ellipsis (EPX) token, which is not uncommon in the world of decentralized exchanges (DEXs), but this might be a concern for investors who prefer transparency and accountability.

The Ellipsis (EPX) token did not have an Initial Coin Offering (ICO). Instead, the token was distributed through an airdrop to veCRV holders, who are participants in the Curve Finance ecosystem. This distribution method was chosen as part of Ellipsis being an authorized fork of Curve Finance. The airdrop was intended to align the interests of the Curve and Ellipsis communities and to distribute the EPX token to users who were already engaged in similar DeFi protocols.

• Market Volatility:

• The cryptocurrency market’s volatility can lead to significant price fluctuations for EPX.

• Liquidity Risks:

• Changes in liquidity provision can affect swap efficiency and rewards.

• Regulatory Changes:

• Potential regulatory developments could impact the DeFi sector and Ellipsis.

• Competition:

• Intense competition from other DeFi platforms could affect Ellipsis’s market share.

• Technical Risks:

• As with any blockchain-based platform, there are risks of technical vulnerabilities or failures.

The Ellipsis whitepaper is yet to be published.