$150-250k
+ Equity
Decentralized finance products
Open for applications
Decentralized finance products
1-20 employees
Open for applications
$150-250k
+ Equity
1-20 employees
To build a sustainable DeFi ecosystem.
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To build a sustainable DeFi ecosystem.
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In the decentralized finance (DeFi) landscape, there's an increasing demand for efficient, secure, and accessible platforms. The decentralized nature of blockchain technology presents both opportunities and challenges, notably regarding liquidity, efficiency and interoperability.
To tackle this challenge, Ellipsis Labs has developed Phoenix, a decentralized exchange built on the Solana blockchain. Phoenix distinguishes itself by offering an on-chain order book, leveraging Solana's high throughput and low transaction costs. By eliminating the need for a "crank" and providing on-chain market event data, Phoenix enhances trade settlements and transparency, addressing key pain points in DeFi trading.
With recent funding, Ellipsis Labs is well-positioned to further advance its DeFi technology stack and expand its market presence. The substantial funding signifies investor confidence in Ellipsis Labs' vision and capabilities, paving the way for continued innovation and growth.
Freddie
Company Specialist at Welcome to the Jungle
Nov 2024
$21m
SERIES A
Apr 2024
$20m
SERIES A
Jarry Xiao
(Co-Founder)Graduated from UC Berkeley College of Engineering with a Bachelor's Degree in Electrical Engineering and Computer Science. Previously an Engineer at Solana Labs and Citadel as well as a Quantitative Developer at Edgehog Trading.
Eugene Chen
(Co-Founder)Graduated from the Massachusetts Institute of Technology with a Bachelor's Degree in Mathematics. Previously a Software Engineer at Quip.
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