Ellipsis [OLD]

What is Ellipsis?

Ellipsis emerges as a decentralized exchange, representing an authorized fork of Curve Finance on the BNB chain, with a primary focus on addressing three core challenges. Firstly, it ensures efficient and reasonably priced token swaps. Secondly, Ellipsis provides a secure, thoroughly tested environment that offers yield to token holders. Lastly, it serves as a solution for protocols seeking to establish deep liquidity for their tokens.

Ellipsis caters to a diverse user base, including individuals in need of token swaps, holders looking for token yield, and protocols seeking enhanced liquidity for their pools.

Functioning as an Automated Market Maker (AMM), Ellipsis facilitates token exchanges with low fees and minimal slippage. Unlike traditional exchanges, Ellipsis relies on liquidity pools to match and execute trades efficiently. To incentivize liquidity providers, Ellipsis rewards them with EPX tokens for depositing assets into the pools.

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Recent Video Interview

Main points of the interview:

• Phoenix, a product of the Ellipsis Lab, introduces an innovative order book for DeFi, overcoming traditional AMM limitations.
• Challenges like gas costs and computational intensity are addressed through efficient data handling.
• Phoenix enhances liquidity provision with immediate settlement, contrasting with Serum's crank-based system.

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Why Would a Project Use Ellipsis?

Ellipsis presents compelling use cases for diverse projects and protocols. Stablecoin projects benefit from the efficiency of Ellipsis' StableSwap protocol for pegged token swaps. Projects with synthetic tokens find Ellipsis advantageous for maintaining peg stability. Additionally, protocols with owned liquidity or treasuries can leverage Ellipsis pools to grow their holdings using various strategies involving the EPX token.

Use Cases:

• Stablecoin Projects: Ellipsis proves beneficial for stablecoin projects utilizing the StableSwap protocol, offering more efficient swaps for pegged tokens compared to traditional DEXes like PancakeSwap.
• Synthetic Token Projects: Projects with synthetic tokens, such as ANKR's aBNBb, find Ellipsis advantageous in preserving peg stability over other decentralized exchanges.
• Protocols with Owned Liquidity or Treasuries: Ellipsis provides opportunities for protocols to enhance their treasuries by depositing assets into Ellipsis pools, employing strategies involving the EPX token for growth and rewards.

Liquidity Pools and LP Tokens

Liquidity pools involve smart contract-based repositories of tokens, allowing users to exchange or withdraw at rates determined by the contract parameters. Liquidity providers (LPs) contribute assets to these pools and receive LP tokens representing their deposits. Ellipsis employs crypto pools, initially pegged assets, but with a novel AMM design accommodating efficient trading and reduced risks for non-pegged assets.

Migrating EPS to EPX

Ellipsis initiates a migration of EPS to EPX, its 2.0 protocol token, with no set deadline. This migration involves changes such as a 1.5x increase in relative total supply and an 88x increase in absolute total supply. Users can migrate EPS to EPX at their own pace through a one-way migration process.

EPX Token

The native token of Ellipsis, EPX, plays a pivotal role in incentivizing liquidity providers and engaging users in the incentive distribution process. EPX serves various functions, including voting, locking, and boosting. Locking EPX for a specified period generates vlEPX, a non-transferrable token, offering benefits like voting on incentives, receiving boosted yields, and participating in platform fees.

EPX holders can lock their tokens for varying durations, earning vlEPX with increased lock periods. Users can employ multiple locks, and lockers can claim platform fees even without participating in the voting process.

Project Development

Ellipsis.finance proudly introduces capital-efficient crypto swaps, revolutionizing its platform for optimal performance. Positioned as the top choice on the BNB Chain, Ellipsis excels in capital-efficient swaps between stable pairs and conventional crypto pairs. Outperforming competitors like Uniswap or PancakeSwap, Ellipsis achieves equivalent results with less liquidity, ensuring its superiority regardless of liquidity considerations.

Token listing is simplified; users can complete a form on the website's menu and contact Ellipsis on Telegram for support. EPX incentives are available for new pools, allowing teams to boost liquidity and distribute EPX emissions through weekly votes, with bribing options on Dot Dot Finance. Ellipsis reaffirms its commitment to efficiency and user-friendly experiences in the evolving landscape of decentralized finance.

Ellipsis [OLD] Price Analysis

As of January 15 2025 Ellipsis [OLD] has a marketcap of $15M. This is {{percentagefromath}} from its all time high of $21.39. In terms of its tokenomics, there's a total supply of 724M with 97% currently outstanding. Keep in mind Ellipsis [OLD] has a fully diluted value of $16M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.