Arrakis Finance (N/A)

Arrakis crypto project is a smart contract protocol that allows institutions and individuals providing liquidity to utilize Uniswap V3 LPs in a more efficient and user-friendly manner.

The Arrakis smart contract is a voluntary product, which means it doesn't charge any additional fees for execution, enabling anyone to build on top of it. Instead, the Arrakis Finance team has developed the first product built on top of its smart contract called “PALM.”

PALM is a set of smart contracts and parameters that enables liquidity providers to add their tokens into private vaults and pass them to specific smart contracts or "managers." These managers will automatically handle multiple LP positions on Uniswap, according to the conditions set up by the users themselves. 

The project’s vision regarding the future of decentralized market-making garnered significant attention among the crypto community during the last crypto bullrun. This attention led the Arrakis Finance to reach a peak TVL of over $1.829B in 2022 and currently boasts over $143.11M, according to DefiLlama.

Arrakis Finance Token: As of the time of writing this post on April 7th, 2024, there's currently no clear information or sign suggesting that the Arrakis token will be released or airdropped soon. However, the CoinLaunch team assumes that protocol with such a large TVL and users amount might release its native token at least to power its DAO infrastructure. 

That is why the CoinLaunch team analyzed the project on 8 key metrics and prepared some of the most important pros and cons of Arrakis protocol. We hope this information will help you make a more informed and wise decision about whether to participate in the potential Arrakis airdrop or not:

Arrakis Finance pros: 

• Great concept and utility of the product;
• Highly demandable product according to the 2022 performance; 
• Product has been audited multiple time by tier 2 and tier 3 companies;
• Strong network of partners supporting the project;
• Experienced executive team. 

Arrakis Finance cons:

• Weak Growth and Influencer Marketing performance;
• Lack of tier 1 funds supporting the project;
• There’s no clear roadmap regarding the future project’s steps provided by the team.