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Arrakis Finance is a smart contract that allows liquidity providers to create deeper and more efficient liquidity on Uniswap V3. It is a voluntary product, which does not charge any additional fees for execution, enabling anyone to build applications on top of it.
The first application built on top of Arrakis crypto protocol is PALM - an automated liquidity management protocol for Uniswap V3, where users are able to create their own vaults with their unique set of rules for automated management of a variety of LP positions via smart contracts.
On February 23rd, 2023, Three Sigma Capital announced its investment in Arrakis but didn’t disclose the amount of funds invested in the project.