{"id":2113,"date":"2021-09-08T09:16:48","date_gmt":"2021-09-08T09:16:48","guid":{"rendered":"https:\/\/deficoins.io\/?page_id=2113"},"modified":"2021-09-08T09:17:34","modified_gmt":"2021-09-08T09:17:34","slug":"ellipsis-review","status":"publish","type":"page","link":"https:\/\/deficoins.io\/review\/ellipsis","title":{"rendered":"Ellipsis Review: Everything About The DeFi Token Explained"},"content":{"rendered":"
The Defi<\/a> ecosystem is busy leasing out great products and projects that portray a continuous increase in quality and value. However, we’ll bet nobody can envisage the future surprises from the decentralized finance space.<\/p>\n Speaking of the product from the decentralized ecosystem, one of the outstanding is Curve Finance. Though the project has a simple concept, it has made a great move within few weeks since its launch. As a result, the protocol now takes a huge stance as one of Defi\u2019s prominent platforms.<\/p>\n This brings us to the main focus of this review; Ellipsis Finance, the authorized fork of Curve Finance. Its operability and functionality are drawn from Curve Finance but with a great difference as it runs on the Binance Smart Chain.<\/p>\n This article presents a review of Ellipsis Finance and AMM, its EPS token, how to earn the token, and more. Get right to the end to understand and grab more information on this great Defi cryptocurrency.<\/p>\n Contents<\/p> To create a clearer understanding of Ellipsis Finance, the authorized fork of Curve Finance, we first look into the parent fork.<\/p>\n Curve Finance is a decentralized exchange that runs on Ethereum to provide efficient swapping means between stablecoins. The uniqueness of Curve is that it removes impermanent loss and reduces slippage for liquidity providers and traders, respectively.<\/p>\n Launched in January 2020 by Michael Egorov, the platform has emerged as one of the top exchanges for stablecoins. Though the Russian Physicist Egorov has been working on Defi projects since 2018, it took him two later to present Curve, his DEX.<\/p>\n Curve Finance runs on the Ethereum Blockchain as an exchange for Bitcoin tokens and stablecoins. It aims at providing users with the right platform for the swapping of some Ethereum-based cryptocurrencies. By focusing on stablecoins, Curve Finance paved the way for its popularity and success in the industry. Also, the protocol deals with the issues of impermanent loss and slippage for both liquidity providers and traders.<\/p>\n As an Automated Market Maker, Curve Finance utilizes its technological algorithm in providing liquidity pools for its users. Furthermore, the protocol distinguishes itself on the Defi space with its real-time trading data for customers. Thus, Curve Finance has outstanding and best prices for stable assets and stablecoins in the industry.<\/p>\n Other conventional market makers depend on the assets and holdings on their platforms for liquidity; Curve operates differently. Curve Finance aggregates liquidity for users with assets backed by all its markets.<\/p>\n Furthermore, it supports seamless and fast trading of Bitcoin pairs. Also, users can swap several stablecoins like USDT, USDC, DAI, BUSD, TUSD, and others.<\/p>\n Ellipsis Finance is an authorized fork of Curve Finance that runs on the Binance Smaart Chain. Just like Curve, Ellipsis Finance allows the swapping of stablecoins. The platform was launched in March 2021 and will be getting support from the Curve Finance team as its parent fork.<\/p>\n Ellipsis Finance will maintain the core value of Curve Finance. This implies that users will experience zero fees on deposits and withdrawals. Moreover, there will be extremely efficient stablecoin swaps and no lock-ups on liquidity.<\/p>\n Through the use of a bonding curve for swaps, the protocol a huge difference for its users. They have the opportunity of swapping stablecoins with extremely low slippage. This\u2019s quite unlike other decentralized exchanges where traders are stock with high slippage for trading cryptocurrencies. The swapping fee on Ellipsis Finance is very enticing for users being set at 0.04%. Also, through the provision of liquidity, traders are allowed to farm the protocol\u2019s tokens.<\/p>\n Furthermore, veCRV holders of Curve Finance protocol would get 25% of the total Ellipsis Finance token supply. The tokens will be airdropped every week for over one year. This move is based on the fact that Ellipsis Finance is an authorized fork of Curve Finance.<\/p>\n For those who don\u2019t know what veCRV is all about, we\u2019ll give a little explanation. It’s a vote locking deposit that is utilized on Curve Finance. First, CRV holders will lock their token holdings in the protocol’s DAO.<\/p>\n This attracts rewards of veCRV tokens, which is the governance token on the platform. Thus, vote locking enables a user to vote in governance, the prominent utility of veCRV in Curve Finance. Also, users receive more veCRV when the period of their locking is longer.<\/p>\n Ellipsis Finance kicks off with swap pairs for BUSD, USDT, and USDC. The first supported swap pair on the platform is BUSD\/USDC. The protocol plans on more pairs addition in the future.<\/p>\n Ellipsis Finance native token is EPS. This native token gives value for both the liquidity pools and the token holders.<\/p>\n The EPS token has its maximum supply limit set at one billion coins. Also, the emission for the token is with a schedule of over five years. Currently, the protocol has a circulating supply of\u00a0 333,938,807 tokens.<\/p>\nWhat is Curve Finance?<\/strong><\/span><\/h2>\n
What is Ellipsis?<\/strong><\/span><\/h2>\n
Ellipsis Token \u2013 EPS<\/strong><\/span><\/h2>\n