Ellipsis Finance (EPS)

Basics

• Based in:
• Started in / Announced on: 24-3-2021
• Testnet release:
• Mainnet release: 3-2021

• From the announcement (24-3-2021):

"Ellipsis.finance is an exchange for stable coins on the Binance Smart Chain (BSC). It allows for stable coins swap with very low slippage and minimal fees."

History

• From the announcement (24-3-2021):

"Ellipsis is an authorised fork of Curve Finance. As a result of this agreement, veCRV holders will receive 25% of the supply over the next 12 months. Curve Finance will provide support to the Ellipsis team. We have committed to Curve core values of which are :

a. no deposit or withdrawal fees,

b. no lock ups on liquidity, and

c. extremely efficient stable coin swaps."

Audits & Exploits

• No Ellipsis Finance Bug Bounty program was found (2-8-2021).
• Scored a 60% on DeFi Safety (2-8-2021):

"Hacken published a Ellipsis Finance audit report on April 1st 2021.

Note 1: Ellipsis was launched in March 2021.

Note 2: Most fix recommendations were implemented by the devs."

With the comment: " Excellent documentation, Weak testing, and well-documented access controls and team transparency. Definitely an impressive example of transparency on the Binance Smart Chain."

Governance

Admin Keys

• From DeFi Safety (2-8-2021):

"a) All contracts are clearly labelled as upgradeable (or not) -- 30% AND

b) Multisig function and info is clearly detailed.

No Pause Control or similar function was found in their documentation."

Token

Token Allocation

• Intends to distribute 25% of its supply to veCRV holders over the next year, Yearn is one of the largest beneficiaries (around $75M at current EPS price).

• From the announcement (24-3-2021):

"Total Supply: 1,000,000,000 EPS

1. 25% veCRV — Airdropped weekly over a year
2. 55% LP Rewards
3. 20% team — vested for one year"

Utility

• From the announcement (24-3-2021):

"The Ellipsis token (EPS) is a revenue earning token. EPS stakers can earn fees from the Ellipsis protocol. Fees will be equally split between EPS stakers and liquidity providers (50%/50%)."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: BSC (24-3-2021)
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Roadmap

• Can be found [Insert link here].

Team, Funding and Partners

Team

• Full team can be found [here].

(:

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