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.
Similar to Uniswap or PancakeSwap, Ellipsis uses liquidity pools for their markets and offers rewards to those who supply liquidity, also known as liquidity providers. A small fee is charged for every trade on Ellipsis.finance, and a portion of this fee is split evenly between all liquidity providers.