Ellipsis

Ellipsis (EPS) is a cryptocurrency and operates on the Binance Smart Chain (BEP20) platform.

Ellipsis finance is a platform that allows you to exchange stablecoins with very low slippage and minimal fees. Ellipsis (EPS) is a native token on the platform that provides value to LPs and token holders.

Ellipsis Finance officially launched in March 2021 and is an authorized fork of Curve Finance. Thus, those who are familiar with Curve Finance will understand the functionality of Ellipsis Finance. As a result of this agreement, veCRV holders will receive 25% tokens reset monthly over the next 12 months based on a set of conditions.

The protocol will initially support exchange pairs for BUSD, USDC and USDT. Additional pairs may be considered in the near future.

First stablecoin swap pair to be supported by Ellipsis Finance - BUSD | USDC EPS is an income generating token in which participants who stake the tokens will earn a commission through the Ellipsis protocol.

The fee will be evenly (50%-50%) between EPS participants and liquidity provider reward pool and staking pool. Liquidity providers will earn earnings per share from the reward pool. Rewarded EPS requires trading fees and rights within 3 months.

Alternatively, users can claim their EPS before the lock ends, but with a 50% early exit penalty. Tax revenue is shared among users who are still locked out of the staking pool. Thus, the most loyal EPS holders will benefit the most at the end of the three-month vesting period.

The staking pool receives a trading fee as well as a penalty on earnings per share from people who leave the reward pool early (before the end of the 3-month vesting period). There is no mandatory blocking in the staking pool.

The volume of supply and emission of EPS tokens will be set at the level of one billion (1,000,000,000) tokens and with an emission schedule for five 5 years.

55% Liquidity Provider Fee: minted continuously for 5 years at a gradually decreasing rate.

25% veCRV Airdrop: distributed weekly based on veCRV snapshot

20% Team / Development Fund: transferred within one year with continuous release

80% of these rewards will be distributed to liquidity providers and 20% will be distributed to EPS/BNB liquidity providers. The rewards will be as follows:

A total of 20% of rewards for 1 year is broken down as follows:

5% - 1 month

4% - 2 month

3% - 3 month

18% - Rest of year 1 (2% per month)

Total 12.5% ​​rewards for Year 2 | The remaining 12.5% ​​in years 3 to 5 is broken down as follows:

12.5% ​​- 2 years

6.25% - year 3

3.125% - year 4

3.125% - 5th year