Ellipsis

What is EPS and how Does It Work?

The EPX token, or EPS, is a component of the Ellipsis protocol, facilitating the movement of USDT across Ethereum and BSC chains sans permissions. Ellipsis further avails a platform for token exchange. Moreover, the updated version, Ellipsis 2.0, expands on these attributes. The protocol oversees consistency in its pools and operates with a seven-day long epoch structure, initiating and closing on set times. This epoch system is an intrinsic aspect of Ellipsis' operation on the BNB chain, addressing three primary pool liquidity concerns. The 2.0 protocol version avails EPX rewards for specific liquidity pools. Furthermore, it functions as a decentralized exchange with forking permissions. Lastly, the design of Ellipsis lends itself to facilitating predictable swaps on the BNB Smart Chain with minimal slippage.

The Vision and Mission Behind EPS

The EPS token's use is primarily tied to liquidity incentives within the Ellipsis ecosystem. In addition, Ellipsis collaborates with Valas to expand its offerings, thus benefitting liquid providers on Ellipsis as it can give added liquid to Valas borrowers. Additionally, anyone can engage with the functions of Ellipsis 2.0.

How to Buy and Store EPS?

To purchase EPS, Flooz.xyz offers a streamlined process. Traders can purchase the EPS token via Flooz.xyz, which serves as a one-stop solution for all your token buying needs. With a smooth checkout and support for all payment methods, buying EPS has never been easier. What sets Flooz.xyz apart is its self-custodial web wallet, which ensures seamless EPS transactions. With the ability to store, send, and receive tokens, you have full control over your funds at all times. Creating a self-custodial wallet is as simple as using your email, Google, or Apple ID. Flooz.xyz aggregates more than 50+ providers, ensuring you the fastest and cheapest payment routes for your trades. It's no wonder that over 85,000 active traders have been captivated by the seamless and optimized trading experience on Flooz.xyz. So, tap tap go and start trading EPS today.

EPS Metrics:

• Current price: $0.0232

• Market cap: $16.23 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $25.16 k

Exploring EPS Financial Mechanics

EPX, the core token of the Ellipsis Finance ecosystem, stimulates liquidity provision on the platform through the issuance of EPX tokens when liquidity provider (LP) tokens are staked in certain pools. Ellipsis 2.0 platform introduces a system for participants to select from qualified pools that yield EPX tokens. By deactivating penalty mechanisms, Ellipsis 2.0 eases its processes.

Ellipsis facilitates liquidity provision differently than traditional exchanges, by handing out EPX tokens as an incentive to liquidity providers. Developers that launch pools are responsible for the original liquidity and transaction fees, distributing a portion of these among LPs, with the remainder distributed to those who lock EPX into the system. Ellipsis uses a mechanism to accommodate various types of Swap pools, employing these pools to provide liquidity for trades within the platform.

The practices of securing EPX tokens and voting occur on a weekly basis, with the platform's weekly fees paid out in the subsequent week. Maintenance fees can be acquired over a one-week period, and the EPX lockers earn a certain percentage based on their lock's weight. Lock periods conclude at the finish of each week, coinciding with the commencement and termination of voting periods. EPX tokens can be held for periods ranging from 1 to 52 weeks, where the holding of 1 EPX for 52 weeks is equal to 52 vlEPX or vote weight tokens.

Advanced Insights: Mining and Ecosystem

The Ellipsis Automated Market Maker (AMM) exchange comes with an efficient trading tool. You may experience low fees and limited slippage. The EPX is a central component in the utility of the fUSDT Metapool, incentivized with ICE EPS. Come the phase of Ellipsis 2.0, the framework for the EPX locking mechanism was brought into action, affecting platform fees and shared incentives. This also affects how rewards are proportioned for specific fluidity engagements that are in a locked state. Ellipsis, as a decentralized exchange, strives for trade experiences characterized by reduced cost and limited slippage, potentially paving the way for an elevated volume of trades due to an abundance of liquidity provision. EPX functions in its designated role as the inherent token, giving out incentives for those providing fluidity. It also allows the interchange of assets across diverse blockchains, creating opportunities for movement between tokens such as USDT and fUSDT on networking platforms like the BNB Smart Chain. Changes have been made to the framework of Ellipsis token allocation, which now enables EPX to be locked for a set duration and therefore impacts incentives for those facilitating liquidity. As for the val3EPS Pool, it extends the chance for you to earn fees through lending and accrue VALAS incentives, in addition to earnings from swap fees.