Ellipsis Finance
A decentralized exchange on BNB Chain offering low-slippage, capital-efficient stablecoin swaps and liquidity solutions.
Overview
Ellipsis Finance is a decentralized exchange (DEX) built on the BNB Chain, designed to provide secure, low-slippage swaps primarily for stablecoins and like-kind assets. It is an authorized fork of Curve Finance, inheriting its capital-efficient Automated Market Maker (AMM) model optimized for stable asset trading. Ellipsis targets users who need to swap tokens with minimal fees and slippage, liquidity providers seeking yield, and protocols aiming to build deep liquidity for their tokens.
The platform operates through liquidity pools where users deposit tokens to facilitate swaps. Liquidity providers (LPs) receive LP tokens representing their share in the pool, which they can stake to earn rewards in the native EPX token. EPX serves multiple roles including rewarding LPs, governance voting on pool incentives, and fee locking to boost rewards. Trading fees on Ellipsis are competitive, with a base fee of 0.04% for stable pools and up to 0.4% for crypto pools, split evenly between LPs and EPX lockers.
Ellipsis differentiates itself by focusing on capital efficiency and low slippage on BNB Chain, leveraging a well-tested Curve Finance codebase. It offers protocols a way to bootstrap liquidity with incentives and a safe environment for yield generation. Developers and projects can list tokens and create pools using Ellipsis’ factory contracts. The platform’s documentation provides detailed guides on pool types, staking, tokenomics, and governance, facilitating easy integration and participation.
To get started, users can connect a compatible wallet to the Ellipsis interface to swap tokens or provide liquidity. Developers and projects can explore the open documentation and GitHub repository for deployment details and pool creation. Ellipsis’ governance and reward mechanisms encourage active community participation and liquidity growth, making it a practical choice for stablecoin swapping and liquidity provisioning on BNB Chain.
The Problem
Swapping stablecoins and like-kind tokens on BNB Chain often suffers from high slippage and inefficient capital use. Liquidity providers need safe, well-incentivized environments to earn yield, while protocols require deep liquidity pools to support token trading and adoption.
The Solution
Key Features
Liquidity pools with LP tokens
Users deposit tokens into pools and receive LP tokens representing their share.
Staking LP tokens for EPX rewards
LPs can stake their tokens to earn additional EPX incentives.
Governance and incentive voting
EPX holders vote on pool incentives and platform parameters.
Key Strengths
How Developers Use Ellipsis Finance
Stablecoin swapping with minimal slippage
Users swap between stablecoins like BUSD and USDC on BNB Chain with low fees and slippage.
Liquidity provision for yield generation
Liquidity providers deposit tokens into pools and stake LP tokens to earn trading fees and EPX rewards.
Protocols bootstrapping liquidity
Projects list tokens and create pools on Ellipsis to build deep liquidity and incentivize trading.
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Pricing
Standard | |
|---|---|
| Price (Monthly) | Free |
| Price (Annual) | Free |
| Messaging | N/A |
| Support | Community support via Telegram and Twitter |
| Analytics |
Resources
Ellipsis Finance provides comprehensive documentation covering its AMM model, tokenomics, staking, pool creation, and governance. These resources help developers and users understand how to interact with the platform and contribute liquidity effectively.