Ellipsis is an automated market maker (AMM) or exchange that allows users and other decentralized protocols to trade between different stablecoins with very low slippage compared to other AMM solutions. Ellipsis Finance officially launched on March 2021 as an authorized fork of Curve Finance. Ellipsis is an authorized fork of Curve Finance on BNB chain that generally solves 3 problems:
- It offers efficient, well priced swaps between stable coins and tokens with pegged prices.
- It offers yield to stablecoin holders in a safe, well tested environment.
- It offers a solution for protocols to build deep liquidity for their tokens.
These solutions serve
- People who need to swap stablecoins.
- People with stablecoins looking for yield.
- Protocols looking for liquidity for their pools.