Solana-based DEX Phoenix Launches Beta on Mainnet

DeFi development company Ellipsis Labs announced the beta launch of Phoenix, its decentralized exchange, on the Solana mainnet.

Phoenix is an on-chain, non-custodial limit order book DEX. It has integrated with DEX aggregator Jupiter Exchange, where users can access Phoenix liquidity. During beta, market makers need to be whitelisted, whereas in official launch, market making will be permissionless.

In addition, Ellipsis Labs has open-sourced the Phoenix program, and has launched a bug bounty program, which pays up to $100,000 per vulnerability reported.