Ellipsis (EPS) operates as a decentralized exchange on the Binance Smart Chain, facilitating the trading of stablecoins with minimal fees and low slippage. As an authorized fork of Curve, Ellipsis grants CRV holders the opportunity to receive 25% of the token supply through weekly airdrop events over a one-year period. EPS serves as the native token of Ellipsis on BEP20, providing a range of services to its users, including liquidity, staking, and airdrop rewards.
Liquidity providers can earn EPS tokens as rewards by staking their LP tokens, which in turn allows them to earn a portion of the platform’s transaction fees. Should users wish to exit early, they can do so with a 50% early exit penalty before the end of their EPS lock-in period. Staking rewards are acquired through staking tokens, with the staking pool receiving transaction fees and penalty income from EPS holders who 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, enabling them to receive a share of the transaction fees generated by the protocol. Trading fees are equally divided between liquidity providers and EPS stakers. For the latest technology news, users can access NEWSLINKER.
