Ellipsis [OLD]

EPS Price

About Ellipsis (EPS)

Ellipsis is a decentralized exchange protocol on the BNB Chain that provides low-slippage, high-efficiency swaps for stablecoins and other pegged assets.

• The platform operates as an automated market maker (AMM) specifically optimized for assets that maintain a 1:1 value ratio.
• It utilizes the StableSwap algorithm to minimize price impact during large trades compared to traditional decentralized exchanges.
• The protocol features a multi-tiered pool structure, including base pools and meta pools, to maximize liquidity depth across different asset pairs.

What Is Ellipsis

Ellipsis is a decentralized finance (DeFi) application launched on the BNB Chain as an authorized fork of the Curve Finance protocol. Its primary objective is to facilitate the exchange of stablecoins—such as BUSD, USDC, and USDT—with minimal slippage and lower protocol service fees than standard decentralized trading platforms.

Value moves through the system as traders execute swaps and liquidity providers deposit assets into shared pools. The native token, EPS, was originally designed to capture protocol value through fee distribution and to incentivize users to provide the liquidity necessary for efficient trading. As the ecosystem grows, the protocol scales by allowing third-party projects to create their own liquidity pools through a factory system, further expanding the range of tradable pegged assets.

What Makes Ellipsis Unique

• StableSwap Efficiency: By focusing on assets with pegged values, Ellipsis uses a specialized mathematical formula that allows for significantly tighter spreads and less price slippage than general-purpose exchanges.
• Meta Pool Architecture: This structure allows for the pairing of a single token against an entire base pool (like the 3pool of BUSD/USDC/USDT), preventing liquidity fragmentation and simplifying the integration of new assets.
• Migration Framework: The protocol has implemented a permanent migration path from its original EPS token to a new version, Ellipsis X (EPX), which introduces updated tokenomics and governance capabilities.

What Can You Use Ellipsis for?

• Stablecoin Trading: Users can exchange various fiat-pegged cryptocurrencies with high capital efficiency and low execution costs.
• Liquidity Provision: Participants can deposit supported assets into liquidity pools to earn a share of the protocol service fees generated by trading activity.
• Token Migration: Holders of the original EPS token can migrate their assets to the newer EPX token at a fixed ratio of 1:88 to access updated protocol features.
• Incentive Participation: Users can stake their liquidity provider tokens to earn rewards, which are distributed to encourage the maintenance of deep market liquidity.

How Does Ellipsis Work?

Ellipsis functions through a series of smart contracts that manage liquidity pools on the BNB Chain. Unlike traditional exchanges that use an order book to match buyers and sellers, Ellipsis uses an automated market maker mechanism where prices are determined by the ratio of assets within a pool. When a trade occurs, the protocol charges a protocol service fee, which is typically set at 0.04% for stablecoin pairs.

These fees are split between the liquidity providers who supply the assets and users who lock the protocol's native tokens. The system uses a Proof of Stake inspired locking mechanism for its updated tokenomics, where users who lock their tokens for longer periods receive increased voting power and a higher share of the protocol's earnings. This aligns the interests of long-term participants with the overall health of the exchange.

Team Info and Investors

Ellipsis was launched in 2021 as a collaborative effort involving the core team behind Curve Finance, who provided technical support and guidance for the fork. The project is governed through a decentralized structure, with major protocol changes and incentive distributions determined by token holders. While the initial launch was supported by the Curve ecosystem, the day-to-day operations and development are managed by the Ellipsis Finance community and its dedicated contributors. The protocol has not publicly disclosed a traditional venture capital cap table, focusing instead on a fair launch and community-driven distribution model.

Where can you buy Ellipsis [OLD]?

EPS tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Ellipsis [OLD] is PancakeSwap V1 (BSC), where the most active trading pair EPS/WBNB has a trading volume of $17.93 in the last 24 hours. Other popular options include Mdex BSC and PancakeSwap V3 (BSC).

What is the daily trading volume of Ellipsis [OLD] (EPS)?

The trading volume of Ellipsis [OLD] (EPS) is $35.32 in the last 24 hours, representing a -47.80% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Ellipsis [OLD] (EPS)?

Ellipsis [OLD] (EPS) reached an all-time high of $21.39 and an all-time low of $0.0₆2122. It’s now trading -99.90% below that peak and 7,329,199.80% above its lowest price.

What is the market cap of Ellipsis [OLD] (EPS)?

Market capitalization of Ellipsis [OLD] (EPS) is $11,253,934 and is ranked #1150 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of EPS tokens (720 Million tokens are tradable on the market today).

What is the fully diluted valuation of Ellipsis [OLD] (EPS)?

The fully diluted valuation (FDV) of Ellipsis [OLD] (EPS) is $11,253,934. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion EPS tokens are in circulation today. Depending on how the emission schedule of EPS tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Ellipsis [OLD] compare against its peers?

With a price decline of -8.10% in the last 7 days, Ellipsis [OLD] (EPS) is underperforming the global cryptocurrency market which is down -4.40%, while underperforming when compared to similar Exchange-based Tokens cryptocurrencies which are down -6.10%.

How to add Ellipsis [OLD] (EPS) to MetaMask?

Adding Ellipsis [OLD] (EPS) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import EPS as a token. You can copy EPS’s contract address (0xa7f552078dcc247c2684336020c03648500c6d9f) and import it manually, or if you've installed MetaMask's chrome extension, add EPS to MetaMask with one click on CoinGecko.

Add EPS to MetaMask.