Ellipsis is a decentralized exchange on Binance Smart Chain that enables stablecoins to be traded with low slippage and fees.
Ellipsis is a fork project authorized by Curve. veCRV holders will receive an airdrop of 25% of their tokens, distributed weekly for a period of one year.

EPX is Ellipsis' BEP-20 native utility token for the following functions:
Liquidity Provider Rewards: Users can earn EPX tokens as rewards after depositing LP tokens into the reward contract. The rewarded EPX allows users to capture the transaction fees of the platform and release it after 3 months. In addition, users can withdraw their EPX before the end of the lock, but they will be charged a 50% early withdrawal penalty.
Mortgage Rewards: Users can get rewards by staking EPX tokens. The staking pool earns income from transaction fees, as well as early withdrawal reward pool EPX holders. There is no mandatory lockup period for staking pools.
Transaction Fees: Once users own EPX in the fee distribution contract, they will start to receive part of the transaction fees generated by the protocol. Trading fees are split equally (50/50) between liquidity providers and EPX holders.
Airdrop Rewards: Ellipsis will airdrop 25% of the total EPS (250 million tokens) based on the number of veCRV holdings of Curve DAO users.

Ellipsis (EPX) tokens are replaced and incremented by Ellipsis (EPS) tokens, and exchanged according to the ratio of 1 EPS = 88 EPX.