arrakis

ChainCatcher news, according to the official website of Arrakis Finance, Arrakis Finance has officially integrated with the OKX Web3 wallet. Users can connect the OKX Web3 wallet plugin to manage liquidity delegation on Arrakis Finance and share fee earnings. Arrakis Finance is an automated management protocol for Uniswap V3 LP launched by the Ethereum smart contract automation tool Gelato Network in June 2021. Users and project parties can directly provide liquidity in Arrakis Vaults to obtain ERC-20 LP tokens. Arrakis will inject liquidity into Uniswap V3 while employing strategy management for LP to optimize LP earnings.It is understood that the OKX Web3 wallet is the most comprehensive heterogeneous multi-chain wallet, supporting over 60 public chains, with a unified app, plugin, and web interface covering five major areas: wallet, DEX, earning tokens, NFT marketplace, and DApp exploration. It also supports features such as the Ordinals marketplace, creating MPC wallets, exchanging gas, iCloud/Google Drive backup for mnemonic phrases, custom networks, and connecting hardware wallets. In addition, the OKX Web3 wallet will soon support AA account abstraction.

ChainCatcher news, the crypto market maker Arrakis Finance announced a $4 million seed round financing, with participation from Uniswap Labs Ventures, Accel, Polygon Ventures, and Robot Ventures. It is reported that this round of financing is secured through a Simple Agreement for Future Tokens (SAFT). The round started in May and ended in September. The funds will be used to expand the team and build the protocol.Arrakis Finance launched the first version of its protocol in April last year, allowing algorithmic strategies to operate on Uniswap V3. Last week, Arrakis Finance launched V2 of its protocol, which "can be seen as an abstraction layer on top of AMMs like Uniswap V3, supporting interactions such as Central Limit Order Books (CLOB)." (The Block)

According to ChainCatcher news, PeckShield monitoring shows that approximately $300 million has been withdrawn from the TVL of Arrakis Finance, a DeFi use case within the Gelato Network. (Source link)