According to Foresight News: Ellipsis Labs, the developer of the Phoenix DeFi protocol on the Solana blockchain, has announced the completion of a $3.3 million seed funding round. The round was led by Electric Capital, with participation from Robot Ventures, Anagram, and angel investors such as Solana Labs co-founder Anatoly Yakovenko, Polygon Labs CEO Marc Boiron, and Monad Labs CEO Keone Hon.
The funds raised will enable Ellipsis Labs to accelerate the development of innovative DeFi protocols like Phoenix. Phoenix is a limit order book on Solana that settles transactions atomically.
