Ellipsis (EPS) is a decentralized exchange operating on the Binance Smart Chain that facilitates the trading of stablecoins with minimal fees and low slippage. Ellipsis is a licensed fork of Curve, and CRV holders are entitled to receive 25% of the token supply through weekly airdrop events over the course of a year. EPS serves as the native token of Ellipsis on BEP20, offering a range of services to its users, including liquidity, staking, and airdrop rewards.
Liquidity providers have the opportunity to earn EPS tokens as rewards by staking their LP tokens. These rewarded EPS tokens enable users to gain a share of the platform’s transaction fees. In the event that users wish to exit early, they may do so with a 50% early exit penalty before the conclusion of their EPS lock-in period.
Staking rewards are acquired through the staking of tokens. The staking pool receives transaction fees and penalty income from EPS holders who choose to exit the reward pool prematurely. There is no mandatory lock-in for the staking pool.
Transaction fees are distributed to users holding an EPS balance, allowing them to receive a portion of the transaction fees generated by the protocol. Trading fees are equally divided between liquidity providers and EPS stakers.
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