Ellipsis (EPS) stands as a decentralized exchange operating 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 the course of a year. EPS serves as the native token of Ellipsis on BEP20 and offers a range of services, including liquidity, staking, and airdrop rewards. Liquidity providers can earn EPS tokens as rewards by staking their LP tokens, which in turn enable users to receive a portion of the platform’s transaction fees. Additionally, early exits come with a 50% penalty before the EPS lock-in period expires. Staking rewards are acquired through token staking, with the staking pool receiving transaction fees and penalty income from EPS holders who exit prematurely. The staking pool does not require mandatory lock-in. Transaction fees are distributed to users with an EPS balance, who are entitled to a portion of the fees generated by the protocol. Trading fees are equally divided between liquidity providers and EPS stakers. Stay updated with the latest technology news by accessing NEWSLINKER.
