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What is Arrakis finance?

Arrakis Finance automates liquidity management through on-chain and off-chain strategies. It allows liquidity providers to delegate liquidity management and share fee income. So what is this protocol, and how does it work? Is the SPICE token a potential airdrop? Let’s find out through this Arrakis Finance review.

Which Defi projects use Arrakis?

Some of the top DeFi projects that have adopted the Arrakis vault include Aave, MakerDAO, and Synthetix. At its peak in July 2022, the platform had a total locked value (TVL) of $206.54M. What problem does Arrakis Finance solve? Arrakis aims to address the tough spots that many projects in web3 are facing today.

Why does Arrakis finance use the $Spice token?

Arrakis Finance uses the $SPICE token to help it achieve its goal of decentralization. SPICE is airdropped to users in the Arrakis protocol and GEL holders on Gelato. This is also an encouraging activity of both founders for their community, led by Co-founder of Arrakis – Mr. Hilmar Maximilian Orth is also a co-founder of Gelato.

What is Arrakis V3?

Arrakis is a protocol that is built for liquidity providers that are either regular retail LPs, institutional funds or web3 protocols themselves to enjoy actively managed concentrated liquidity on Uniswap v3. LPs retain full custody over their funds and can withdraw at anytime.

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