Arrakis is a Web3 protocol that improves how market making is done on Uniswap V3. So, that means it makes it easier for people to provide liquidity (funds) to the market. Arrakis includes a feature called PALM that helps manage liquidity in a balanced way.
Arrakis Finance
DeFi
Arrakis
Progress mission: 0 of 1
Rewards
Rewards
TBA
Past rewards
$1,700 $9,600
Details
Minimal cost
~$50
Time required
15 min.
Category
Mainnet
Rating
5/10
Risk
High
The team has announced a new governance token, $SPICE, but they haven't provided a release date yet. Previously, they ran a campaign where users could lock their $GEL tokens for a chance to receive $SPICE tokens through an airdrop.
Participating in this opportunity does come with some risks, as it requires frequent monitoring of your investments. Some vaults are volatile, meaning there's a chance of losing value, which adds to the risk. The TVL (Total Value Locked) in these vaults ranges from $2.2k to $2.2m. Investing $500 could be a good way to secure a position for the potential upcoming airdrop.
Pros & Cons
Why is it worth it?
Funds Raised
Raised $4m and has a product that earns fees, supporting airdrop plans.
Simple for beginners
They have crypto assets and Arrakis product manages it to make it grow.
Token Info
They talked about $SPICE, their main digital currency, in their help section. This means they have plans for a special digital money for making decisions in their system.
dApp Active
Their digital application is up and running. This is good because people can start using their service now.
Risks to consider
High Risk
Their service has risks due to needing constant oversight and price changes. So using their service can be risky because it needs a lot of attention and prices can fluctuate.
Unclear Launch
They haven’t shared when they’ll launch $SPICE (their digital money) or how to get it.
High Cost
To participate, around $500 should be required, which makes the opportunity expensive.
How to participate?
Every type of opportunity has its common rules. Following these closely can significantly increase your chances of qualifying for the potential rewards. Here is a list of recommendations from our team designed to maximize your chances of benefiting from this opportunity.
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Liquid Staking Tokens Required (LST): In order to fully participate in Arrakis Finance, you’ll need to have some LST ETH. This is the case with most available pools. TVL on these vaults ranges from $2.2k to $2.2m. Investing $500 might be a good way to have a good position for the potential upcoming airdrop.
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Active Position Management: With Arrakis Finance you’ll have to do active position management for some of the pools. So, you’ll need to reposition yourself according to the pool you chose (Volatile or Stable).