What is Ellipsis Finance
Ellipsis Finance is an exchange for stable coins on the Binance Smart Chain (BSC). Ellipsis Finance officially launched on March 2021 as an authorized fork of Curve Finance. The Ellipsis team will receive support from the Curve Finance team and will commit to Curve Finance core values: a trustless and decentralized architecture, zero deposit or withdrawal fees, no lock ups on liquidity and extremely efficient stable coin exchanges. Ellipsis is an Automated Market Maker (AMM) or exchange that lets users and other decentralised protocols exchange tokens (BUSD to USDC, for example) with low fees and low slippage. Unlike exchanges that match a buyer and a seller, Ellipsis uses liquidity pools. To achieve successful exchange volume and low slippage, Ellipsis needs a high amount of liquidity (tokens) in the pools. To incentivize liquidity to deposit in Ellipsis pools, Ellipsis offers rewards in EPX tokens to liquidity providers.