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Ellipsis(EPS) Migrate to a new token
EllipsisYesterday (March 17th) marked the final veCRV airdrop from Ellipsis.finance to veCRV holders. Today’s announcement, six days short of its one year anniversary, outlines a new era for Ellipsis.finance.
Ellipsis 2.0
Ellipsis.finance is an authorized fork of Curve.fi. Version 1.0 has been providing Curve’s StableSwap protocol to users on the BNB chain. Version 2.0 will bring other dimensions of Curve to Ellipsis:
- Reward gauge voting
- Reward weight voting
- Reward boost
The EPS token will be migrating to a new token, EPX. Migration to this new Ellipsis token begins on March 31st (time to be announced) and has no deadline. The new token will be locked from transfers or trading until the launch of the protocol.
The EPX token will have some changes from EPS:
- Relative total supply will increase 1.5x (from 1B to 1.5B).
- Absolute total supply will increase 88x, to 132B tokens (88x the new relative total supply, or 1.5B * 88).
Users will receive 88 EPX tokens for each EPS token they migrate. Migration instructions will be available in the documentation before migration begins.
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