What is Arrakis Finance? Arrakis Finance is an AMM platform inspired by the Uniswap V3 model. From there, users can trade with low slippage and liquidity providers can earn more profit from their own liquidity provision strategy.
In this article, we will learn more about this project!
What is Arrakis Finance?
The problem arises
First, let’s review the outstanding points of Uniswap V3 compared to V2. Uniswap V2 provides liquidity at all token prices, from zero to infinity. Although this version is simple, it lacks efficiency and is expensive to provide liquidity.
Therefore, Uniswap V3 shows more improvement when providing liquidity over a certain price range. However, this also causes some disadvantages such as increasing complexity and risk of loss for LPs. A multi-chain model like Arrakis Finance will cause liquidity to become increasingly fragmented and operating costs to manage liquidity will be higher.
So how did Arrakis overcome the above problems? This will be made clearer below.
Define
Arrakis Finance is an AMM platform inspired by the Uniswap V3 model. Arrakis allows projects to create deep liquidity for tokens on decentralized exchanges.
Arrakis Finance’s goal is to become the Liquidity Layer of Web3; can optimize DEX liquidity for tokenized projects across and between multiple blockchains seamlessly and automatically.
The Arrakis Finance Difference
Who is involved in Vault V1?
Arrakis Finance’s Vault V1 interacts with 2 objects:
- Project/User: Subject providing liquidity.
- Manager: The subject provides strategies to the Project/User. Anyone can become a Manager.
How it works
Anyone has the opportunity to become a Vault manager on Arrakis. However, Vault deployers must assign managers to their Vault themselves. It is the Managers who will devise strategies for projects/users so that they provide liquidity for an appropriate price range, avoiding the risk of loss.
The Vault Managers on Arrakis are carefully selected, and Bene Gesserit Strategists are among the chosen. Specifically, the Bene Gesserit Strategy will automatically perform simulations of price movements over the past months, thereby creating price ranges that have a 95% probability of being maintained in the coming months. Vault Projects/Users will refer to this proposal to provide appropriate and reasonable liquidity.
The problem is solved
As can be seen, the way Arrakis’s Vaults V1 works makes liquidity management more automated and feasible. Vaults V1 is a smart contract that allows Projects/Users to deposit and Vault Managers to devise strategies on Vaults. Users no longer have to think or hesitate about where to set their liquidity range.
Automation
Automatic pooling and rebalancing. Yield Farming will become smarter.
Development Roadmap
In the future, Arrakis plans to develop Vaults V2, but currently there is no specific information about the launch time or details on how it will work.
Core Team
Founder & CTO: Ari Rodriguez
- From 2018 to 2021: Positions as Developer or Researcher on Blockchain and Cryptography.
- December 2020 to November 2022: Freelance as a Blockchain Engineer at Gelato.
- April 2022 to present: Established Arrakis Finance, holding the position of Founder and Chief Technology Officer (CTO) of this platform.
In addition, the staff also has other positions such as Backend engineer; Developer;…
Investors
December 20, 2022: Arrakis Finance announced a successful $4M fundraising with the participation of Uniswap Labs Ventures, Accel, Polygon Ventures and Robot Ventures.
Partners
Arrakis Finance is currently used by industry-leading DeFi protocols for liquidity management.
Tokenomic by Arrakis Finance
Overview information about Arrakis Finance token
- Token Name: SPICE
- Ticker: SPICE
- Token standard: ERC20
- Contract: 0xEA1aFf9dbFfD1580F6b81A3ad3589E66652dB7D9
- Token type: Utility
Token Allocation & Token Use Case
Updating…
Exchanges
Updating…
Arrakis Finance Project Information Channel
- Twitter: https://twitter.com/ArrakisFinance
- Discord: https://discord.gg/arrakisfinance
- Medium:
summary
What is Arrakis Finance? Arrakis is an AMM platform founded on the same model as Uniswap V3, specializing in providing deep liquidity & proactive and automated liquidity management. Above is an article by the Weakhand team providing general information about the Arrakis Finance project. Please follow Weakhand to receive more articles as well as have the opportunity to discuss and exchange market information!