Ellipsis Labs secures $20M in Series A funding round.

#EllipsisLabs, the developer of the DeFi protocol #Phoenix on #Solana , secures $20M in a Series A funding round led by #Paradigm, with participation from #ElectricCapital. Raised funds will be allocated towards advancing the development and broadening the reach of the Phoenix protocol within the Solana ecosystem.

Ellipsis Labs is a venture-backed New York based startup building differentiated products in decentralized finance.

👉 fortune.com/crypto/2024/04/04/defi-developers-crypto-exchange-phoenix-series-a-round/