The EPS price update as of now is $0.02227. In the previous 24 hours, its trading volume was $797, and its value has increased by 1.23%. As of now, EPS's live market cap is $16,120,309, and it is ranked as the #1161 on the Coincu. EPS has a circulating supply of 723,701,572 and a maximum supply of 723,701,572.

Understanding Ellipsis and Its Connection to Curve Finance

Ellipsis is a stable swapping platform built on the Binance Smart Chain that prioritizes security and minimal slippage. As an authorized fork of Curve Finance, Ellipsis receives support from the Curve team. The platform offers various features, including no deposit or withdrawal fees, no liquidity lockups, and high efficiency. Additionally, 25% of the EPS total supply is dedicated to the veCRV holders' airdrop event.

The Role of the AMM Model in Ellipsis and Curve

Both Ellipsis and Curve operate based on the Automated Market Maker (AMM) model. This model enables decentralized trading by utilizing algorithms and smart contracts to determine asset prices. Liquidity pools play a crucial role in this model, where users contribute liquidity and receive incentives in the form of the project's native token.

Understanding the EPS Token and its Advantages

EPS serves as the native token of the Ellipsis platform. It functions as a revenue earning token, benefiting liquidity providers and EPS stakers. These participants receive a portion of the trading fees on a 50-50 basis.

How Ellipsis Works: Liquidity Pools and Metapools

Ellipsis operates similarly to Curve, focusing on facilitating stablecoin trading with minimal slippage. The platform utilizes two types of liquidity pools:

• Base pools: These include 3Pool (BUSD-USDC-USDT) and btcEPS (BTCB/renBTC).
• Metapools: These combine 3Pool with an additional asset.

Metapools enable users to swap one token for any token within the 3Pool. For instance, a metapool could be DAI - 3Pool, allowing users to exchange DAI for BUSD, USDC, or USDT. This approach benefits Ellipsis by focusing on a few main pools, increasing liquidity, and encouraging other stablecoins to join the platform's liquidity pools.

Rewards for Liquidity Providers and EPS Stakers

Liquidity providers receive EPS tokens as rewards, sourced from the protocol's trading fees. These tokens are vested over a three-month period, with the option for users to skip the vesting period by paying a 50% early exit penalty. The penalty fees collected are distributed to users who lock EPS in the staking pool.

EPS stakers not only receive a portion of the trading fees but also 100% of the penalty fees. These fees are immediately distributed to EPS stakers and divided equally after seven days.

Can Ellipsis on Binance Smart Chain Replicate Curve's Success?

Ellipsis aims to replicate the success of Curve Finance on Ethereum by providing a secure and efficient stablecoin swapping experience. The platform's goal is to attract liquidity and increase trading volume, benefiting both liquidity providers and EPS stakers.

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