1/ Phoenix is the first limit order book DEX that is fully on-chain, non-custodial, atomically composable, and crankless.
We’re excited to announce Phoenix’s beta launch, the open-sourcing of the Phoenix program, and Phoenix's bug bounty initiative.
🔥🦅
We’re excited to announce Phoenix’s beta launch, the open-sourcing of the Phoenix program, and Phoenix's bug bounty initiative.
🔥🦅
2/ Phoenix is live (beta) today on Solana mainnet.
Traders can access Phoenix liquidity through @JupiterExchange.
When Phoenix is offering the best on-chain prices, Jupiter will automatically route trades through Phoenix.
Traders can access Phoenix liquidity through @JupiterExchange.
When Phoenix is offering the best on-chain prices, Jupiter will automatically route trades through Phoenix.
3/ Phoenix delivers the smoothest on-chain market making experience, empowering market makers to serve the best prices to on-chain flow.
Integrating with Phoenix should feel familiar to market makers who trade on centralized exchanges.
Integrating with Phoenix should feel familiar to market makers who trade on centralized exchanges.
4/ Market makers will be whitelisted while Phoenix is still in beta—please reach out via DM if you are interested in market making on Phoenix.
Market making will be permissionless when Phoenix exits the beta stage.
Market making will be permissionless when Phoenix exits the beta stage.
5/ A big thanks to @RealSpaceMonkey for being Phoenix's initial liquidity provider.
6/ Part of the crypto ethos is that application users shouldn’t be forced to trust developers. For an application to be trustless, its code must be open source.
We’ve open-sourced the Phoenix program under the Business Source License.
github.com/Ellipsis-Labs/…
We’ve open-sourced the Phoenix program under the Business Source License.
github.com/Ellipsis-Labs/…
7/ Ellipsis Labs is also releasing Solana Verified Builds, a build verification tool for Solana programs.
You don’t need to trust that our open-source code matches the deployed on-chain program—you can verify it for yourself.
github.com/Ellipsis-Labs/…
You don’t need to trust that our open-source code matches the deployed on-chain program—you can verify it for yourself.
github.com/Ellipsis-Labs/…
8/ Security is the top priority at Ellipsis Labs.
Phoenix has been audited by @osec_io, the leading Solana auditing firm.
The audit report is available in the phoenix-v1 GitHub repository.
Phoenix has been audited by @osec_io, the leading Solana auditing firm.
The audit report is available in the phoenix-v1 GitHub repository.
9/ No audit is guaranteed to find all potential security issues.
So Ellipsis Labs is running a bug bounty program to incentivize white hat security researchers to find vulnerabilities in Phoenix.
The program pays up to $100,000 per vulnerability reported.
So Ellipsis Labs is running a bug bounty program to incentivize white hat security researchers to find vulnerabilities in Phoenix.
The program pays up to $100,000 per vulnerability reported.
10/ Stay tuned for the general release of Phoenix.
The future of DeFi is still on Solana.
🔥🦅
The future of DeFi is still on Solana.
🔥🦅
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