Liquidity providers deposit funds into Ellipsis and receive trading fees from traders (supply-side fees).

Ellipsis is a non-custodial exchange protocol built on Binance Smart Chain (originally a fork of Curve). Ellipsis was founded by an anonymous team and launched in 2020.

EPS tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). 

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Ellipsis Finance - Financial statement