Binance will delist $CVP, $EPX, $FOR, $LOOM, $REEF and $VGX

#Binance will delist and cease trading on all spot trading pairs for #PowerPool $CVP, #Ellipsis $EPX, #ForTube $FOR, #LoomNetwork $LOOM, Reef $REEF and VGX Token $VGX on August 26th at 3:00 UTC. Deposits and withdrawals for the following assets will no longer be supported after August 27th and November 26th.

👉 binance.com/en/support/announcement/binance-will-delist-cvp-epx-for-loom-reef-vgx-on-2024-08-26-e2fcd2c945654c8d832395335429403e

$EPX a Dive into #stablecoin Swapping: Exploring #Ellipsis on #Binance .

The world of Decentralized Finance (#DeFi ) offers a treasure trove of options for cryptocurrency users. But navigating swaps between different stablecoins can sometimes be a challenge, especially when dealing with high slippage or fees. Enter Ellipsis (EPX), a gamechanger in the stablecoin swapping arena.

**What is Ellipsis (EPX)?**

Ellipsis (EPX) is a project built on the BNB Smart Chain (BEP-20) that functions as an Automated Market Maker (AMM) specifically designed for stablecoin swaps. Think of it as a specialized exchange where you can trade various stablecoins (like BUSD, USDC, DAI) with minimal slippage and fees.

**How Does Ellipsis (EPX) Work?**

Ellipsis leverages a similar mechanism to Curve Finance, a prominent DeFi stablecoin swapping protocol. By utilizing liquidity pools specifically designed for stablecoins with similar peg values, Ellipsis offers users several advantages:

* **Reduced Slippage:** Swapping between pegged assets minimizes price fluctuations, leading to a more efficient trading experience.

* **Lower Fees:** The optimized liquidity pools enable competitive swap fees compared to traditional exchanges.

* **Seamless Integration:** For Binance users, EPX offers a convenient way to manage their stablecoin portfolios directly on the Binance platform.

**What is the Role of the EPX Token?**

While the primary function of Ellipsis lies in facilitating stablecoin swaps, the EPX token plays a crucial role within the ecosystem:

* **Governance:** EPX holders can participate in the governance process of the Ellipsis protocol, voting on key decisions that impact the platform's future.

* **Rewards:** A portion of the trading fees generated on the platform are distributed back to liquidity providers who stake their EPX tokens.

Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.