by Ellipsis Foundation
Quick Fact
Ellipsis Finance is an authorized fork of Curve Finance, tailored for the BNB Chain, offering efficient stablecoin swaps and incentivized liquidity provision through its native EPX token.
Ellipsis Finance is a decentralized exchange (DEX) operating on the BNB Chain, designed specifically for stablecoin trading. As an authorized fork of Curve Finance, Ellipsis brings the proven stable-swap model to the BNB ecosystem, enabling users to execute low-slippage swaps between stablecoins like BUSD, USDC, and USDT.
The platform utilizes an Automated Market Maker (AMM) mechanism, allowing users to provide liquidity to various pools and earn rewards. Liquidity providers receive EPX tokens, which can be locked to gain voting rights (vlEPX), participate in governance, and boost yield rewards.
Ellipsis supports both base pools and metapools, enhancing flexibility for liquidity providers. Base pools consist of standard stablecoin pairs, while metapools allow for the inclusion of new assets paired with existing base pools, facilitating broader asset support and deeper liquidity.
The EPX token serves as the cornerstone of Ellipsis's governance and incentive structures. Users can lock EPX to obtain vlEPX, granting them the ability to vote on reward distributions across pools and earn a share of platform fees. This model encourages active participation and aligns incentives between users and the protocol