We are excited to introduce Arrakis Liquid Staking Token (LST) Vaults, the first Arrakis V2 Public Vaults specifically for liquid staking tokens. Alongside the launch, we are also excited to present its first user - Lido Finance. The Primary Challenge of Liquid Staking Protocols The product of liquid staking protocols are liquid staking tokens. Therefore, for these protocols to succeed, liquidity is a critical growth factor. If a liquid staking token fails to have low slippage, then it is not...

We are excited to introduce Arrakis Liquid Staking Token (LST) Vaults, the first Arrakis V2 Public Vaults specifically for liquid staking tokens. Alongside the launch, we are also excited to present its first user - Lido Finance. The Primary Challenge of Liquid Staking Protocols The product of liquid staking protocols are liquid staking tokens. Therefore, for these protocols to succeed, liquidity is a critical growth factor. If a liquid staking token fails to have low slippage, then it is not...

TL;DR MEV is driving retail LPs towards extinction and the advent of intents is further enriching a small group of extractive actors. Arrakis offers a fix with HOT, an MEV-aware DEX that will challenge private market makers and empower LPs. Key Takeaways:MEV is a problem for Ethereum’s DeFi ecosystem and users are losing out as value gets leaked to Centralized Vertically-Integrated Market Makers across the MEV supply chain.As intents have gained pace, these actors have started to monopolize D...

TL;DR MEV is driving retail LPs towards extinction and the advent of intents is further enriching a small group of extractive actors. Arrakis offers a fix with HOT, an MEV-aware DEX that will challenge private market makers and empower LPs. Key Takeaways:MEV is a problem for Ethereum’s DeFi ecosystem and users are losing out as value gets leaked to Centralized Vertically-Integrated Market Makers across the MEV supply chain.As intents have gained pace, these actors have started to monopolize D...

HOT is an AMM providing optimized returns for LPs and token issuers through a first of its kind intents-aligned approach to on chain liquidity. HOT was created by Arrakis and Valantis Labs. For a more technical and in-depth overview check out the HOT Paper. HOT Introduction: The Journey to Becoming HOT Any trading venue whether it be for equities, digital assets, trading cards, used Hondas needs to win on two axes to be successful: liquidity & flow. Liquidity simply refers to the amount of as...

HOT is an AMM providing optimized returns for LPs and token issuers through a first of its kind intents-aligned approach to on chain liquidity. HOT was created by Arrakis and Valantis Labs. For a more technical and in-depth overview check out the HOT Paper. HOT Introduction: The Journey to Becoming HOT Any trading venue whether it be for equities, digital assets, trading cards, used Hondas needs to win on two axes to be successful: liquidity & flow. Liquidity simply refers to the amount of as...

This is a short update to the current Optimism Liquidity Mining Program. As mentioned in the discord the Optimism team mistakenly sent the OP rewards from a different multisig to the rewards gauge without letting us know. Due to this the rewards did not distribute. We are now working on recovering these OP rewards. Moving forward there are going to be a few changes:Rewards are halted until next Wednesday (3rd of May)Next Wednesday the rewards will distribute to new vaultsThe reward distributi...

This is a short update to the current Optimism Liquidity Mining Program. As mentioned in the discord the Optimism team mistakenly sent the OP rewards from a different multisig to the rewards gauge without letting us know. Due to this the rewards did not distribute. We are now working on recovering these OP rewards. Moving forward there are going to be a few changes:Rewards are halted until next Wednesday (3rd of May)Next Wednesday the rewards will distribute to new vaultsThe reward distributi...

NOTE: This research and development was done as a joint collaboration between Arrakis, Conor McMenamin and Uniswap Foundation (Conor’s research was partially funded by a Uniswap Foundation grant). We welcome further collaboration and see this as a community effort!Understanding LVR and Its ImpactThe phenomenon of loss-versus-rebalancing (LVR) has hooked the industry since its definition by [Roughgarden et al. 2022]. In response, we built a hook that retains arbitrarily high amounts of LVR tha...

NOTE: This research and development was done as a joint collaboration between Arrakis, Conor McMenamin and Uniswap Foundation (Conor’s research was partially funded by a Uniswap Foundation grant). We welcome further collaboration and see this as a community effort!Understanding LVR and Its ImpactThe phenomenon of loss-versus-rebalancing (LVR) has hooked the industry since its definition by [Roughgarden et al. 2022]. In response, we built a hook that retains arbitrarily high amounts of LVR tha...

In December, Kwenta launched their token and started a Liquidity Mining (LM)/Bribing program on Velodrome Finance, one of the leading Automated Market Makers (AMMs) on Optimism. In late February, in addition to the LM on Velodrome, Kwenta decided to utilize Arrakis Finance's newest product: PALM, which actively market-makes liquidity on top of Uniswap V3. In this article, we analyze several metrics on both DEXs to provide an objective and comprehensive comparison. We will explore the ben...

In December, Kwenta launched their token and started a Liquidity Mining (LM)/Bribing program on Velodrome Finance, one of the leading Automated Market Makers (AMMs) on Optimism. In late February, in addition to the LM on Velodrome, Kwenta decided to utilize Arrakis Finance's newest product: PALM, which actively market-makes liquidity on top of Uniswap V3. In this article, we analyze several metrics on both DEXs to provide an objective and comprehensive comparison. We will explore the ben...

TL;DR As Ethereum’s DeFi ecosystem has become more complex, sophisticated actors have extracted more and more value known as MEV and the problem is getting worse. These entities leverage a variety of strategies to profit from retail users. Due to the impact of MEV extraction, LPs are facing extinction. Arrakis proposes a fix with its upcoming AMM HOT. Key Takeaways:Sophisticated actors extract value known as MEV from Ethereum’s DeFi ecosystem every day. These actors profit from MEV extraction...

TL;DR As Ethereum’s DeFi ecosystem has become more complex, sophisticated actors have extracted more and more value known as MEV and the problem is getting worse. These entities leverage a variety of strategies to profit from retail users. Due to the impact of MEV extraction, LPs are facing extinction. Arrakis proposes a fix with its upcoming AMM HOT. Key Takeaways:Sophisticated actors extract value known as MEV from Ethereum’s DeFi ecosystem every day. These actors profit from MEV extraction...

This week's Fremen Bi- Weekly we dive into some PALM stats, how is it performing? Before doing that, we wanted to highlight a great thread yet again made by @thiccythot_ he dives deep into how centralized market making deals are currently structured in the crypto space. This lack of transparency is something that we have also seen over the last few years, and something that we are tackling with Arrakis V2 the infrastructure that any of these market makers could use, as well as with PALM ...

This week's Fremen Bi- Weekly we dive into some PALM stats, how is it performing? Before doing that, we wanted to highlight a great thread yet again made by @thiccythot_ he dives deep into how centralized market making deals are currently structured in the crypto space. This lack of transparency is something that we have also seen over the last few years, and something that we are tackling with Arrakis V2 the infrastructure that any of these market makers could use, as well as with PALM ...

Arrakis Finance and Valantis Labs have partnered to create HOT, a first of its kind MEV-aware AMM built on top of the Valantis Modular DEX. HOT will be the first modular AMM deployed on the Valantis Protocol, powered by Arrakis’ novel suite of modular liquidity management vaults and off-chain quoting infrastructure. Partnership Origin Story Valantis was born by observing the great inflexibility in today’s DeFi protocols. One of the core members of the Valantis team saw this firsthand while wo...

Arrakis Finance and Valantis Labs have partnered to create HOT, a first of its kind MEV-aware AMM built on top of the Valantis Modular DEX. HOT will be the first modular AMM deployed on the Valantis Protocol, powered by Arrakis’ novel suite of modular liquidity management vaults and off-chain quoting infrastructure. Partnership Origin Story Valantis was born by observing the great inflexibility in today’s DeFi protocols. One of the core members of the Valantis team saw this firsthand while wo...

Starting this week, the Bi Weekly Fremen changes its focus and will be an update on all happenings in the DEX trading world! This 1st issue of the series will outline the current state of DEXs in general, together with some supplementary explanations and commentaries.Highlights during 24th/Jul - 6th/Aug, 2023Most of the on-chain volume still is on Ethereum. Its most traded pair during the past two weeks was USDC/USDT (~16% of all volume on Ethereum), mostly facilitated by Curve.On major L2s s...

Starting this week, the Bi Weekly Fremen changes its focus and will be an update on all happenings in the DEX trading world! This 1st issue of the series will outline the current state of DEXs in general, together with some supplementary explanations and commentaries.Highlights during 24th/Jul - 6th/Aug, 2023Most of the on-chain volume still is on Ethereum. Its most traded pair during the past two weeks was USDC/USDT (~16% of all volume on Ethereum), mostly facilitated by Curve.On major L2s s...

Onchain trading takes place on multiple venues such as DEXs and aggregators. There is a clear evolution however, mostly facilitated by the innovation of products that aim to improve the UX for traders. We are going to take a look at where the trading actually is occurring, and if there is a difference between large VS. smaller marketcap assets in terms of which trading venue fills their trades.What are the onchain trading venues?Volume shares among various trading venuesLooking over the past ...

Onchain trading takes place on multiple venues such as DEXs and aggregators. There is a clear evolution however, mostly facilitated by the innovation of products that aim to improve the UX for traders. We are going to take a look at where the trading actually is occurring, and if there is a difference between large VS. smaller marketcap assets in terms of which trading venue fills their trades.What are the onchain trading venues?Volume shares among various trading venuesLooking over the past ...

In this week's Fremen Bi-Weekly, let's look into the DEX space, and let’s look at some facts.https://defillama.com/dexsThanks to DefiLlama - the GOAT DeFi analytics, we can take a look at the top DEXs based on the volume facilitated over the last 7 days. This screenshot was taken on the 24th of April. Ona 24hr basis you will see these DEXs constantly change in rankings- Uniswap, Pancakeswap, and Curve, are always the top 3 though. Uniswap is currently taking 42% of the total volume....

In this week's Fremen Bi-Weekly, let's look into the DEX space, and let’s look at some facts.https://defillama.com/dexsThanks to DefiLlama - the GOAT DeFi analytics, we can take a look at the top DEXs based on the volume facilitated over the last 7 days. This screenshot was taken on the 24th of April. Ona 24hr basis you will see these DEXs constantly change in rankings- Uniswap, Pancakeswap, and Curve, are always the top 3 though. Uniswap is currently taking 42% of the total volume....