Arrakis Finance
Building Trustless Market Making Infrastructure & Strategies on Uniswap V3
Building Trustless Market Making Infrastructure & Strategies on Uniswap V3
Arrakis warned users not to interact with its web app after its domain was hacked, stating all smart contracts remained safe; the incident was a frontend/DNS compromise rather than a smart-contract exploit.
Arrakis announced it was bringing its onchain market-making solution (Arrakis Pro) to Uniswap V4, planning in-house Hooks and a modular framework for token issuers' protocol-owned liquidity.
Arrakis Finance raised $4 million in a seed round from Uniswap Labs Ventures, Accel, Polygon Ventures, and Robot Ventures to develop its protocol and expand the team.
Arrakis announced PALM, a liquidity-bootstrapping product built on the V2 infrastructure to help protocols and DAOs create deep liquidity for their tokens on Uniswap V3.
Arrakis released V2, next-generation market-making infrastructure on Uniswap V3 enabling multiple concentrated-liquidity positions, cross-fee-tier vaults, and fungible ERC-20 vaults, described as an abstraction layer enabling CLOB-like interactions.
Gelato Network launched G-UNI, the first Uniswap v3 liquidity-management token, which became the basis of Arrakis's V1 protocol providing ERC-20-wrapped managed LP positions.
Arrakis was founded in February 2021, originally as Gelato Network's G-UNI product before spinning out as an independent project to manage Uniswap V3 concentrated liquidity.
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