Risks of using Ellipsis Finance

Providing liquidity on Ellipsis doesn't come without risks. Before making a deposit, it is best to research and understand the risks involved.

Audits

Ellipsis smart contracts are based on Curve which were Audited by Trail of Bits.

However, security audits don't eliminate risks completely. Please don’t supply your life savings, or assets you can’t afford to lose, to Ellipsis, especially as a liquidity provider.

Using Ellipsis as an exchange user should be significantly less risky, but this is not advice.

Admin keys

Ellipsis is fully decentralized and admins have no access to funds.

Permanent loss of a peg

If one of the stablecoins in the pool goes significantly down below the peg of 1.0 and never returns to the peg, it'll effectively mean that pool liquidity providers hold almost all their liquidity in that currency.