Arrakis Finance

Arrakis sells market making that happens entirely on-chain. Instead of borrowing a project's tokens and quoting on centralized exchanges, as a traditional market maker such as GSR does, Arrakis runs liquidity positions on decentralized exchanges from a vault the project owns.

The operating company is Spacing Guild GmbH, a Swiss limited company in Zug, named as data controller in the Arrakis privacy policy. The Swiss commercial register lists its seat at Dammstrasse 16 in Zug and, as of September 2026, two partners and managing directors, Luis Schliesske and Hilmar Maximilian Orth, each holding 100 shares of CHF 100. The register describes its purpose as software development, particularly around distributed-ledger technology. Arrakis's GitHub organization dates from January 2022, when its first vault contracts were published. Arrakis does not publish funding or headcount, and it has no token listed on its site or docs.

For how its public record looks next to other liquidity managers, see how Arrakis compares with other treasury and liquidity managers.

Arrakis deploys a vault for the issuer and transfers the vault NFT to the issuer's multisig. Whoever holds that NFT controls the assets and can pause, reconfigure or withdraw at any time, according to the docs. Arrakis's off-chain system watches price, volatility and inventory, and sends rebalancing instructions to the vault; changes to the vault's core parameters wait two days so the owner can review or leave.

Issuers pick a strategy: Bootstrap builds ETH or stablecoin reserves at launch, Flagship concentrates liquidity around the market price, Yield-Bearing Asset keeps sell-side depth for tokens that accrue yield, and Treasury Diversification sells project tokens into organic demand over time. Uniswap v4 hooks add dynamic fees and price convergence, which pulls a pool toward an external reference price for real-world assets.

Arrakis's own case study for Morpho says that after it took over the MORPHO pool on Uniswap v4 in June 2025, sell-side price impact on a $5,000 trade fell from about 0.45% to 0.16%. That is the company's analysis of its own work.

On Hyperliquid the model is different: the issuer brings capital and Arrakis manages execution, rather than running a vault.

Arrakis does not publish a price list. Its terms say service fees are those disclosed in the smart contracts, shown on the platform or agreed in an individual agreement, and that fees exclude VAT. A team comparing offers should ask whether the fee is a share of trading fees, a fixed retainer or both, and get it in writing.

Arrakis lists audits by ChainSecurity, Sherlock, Watchpug, Enigma Dark, Cantina and Pashov Audit Group, covering its modular core and each DEX module from 2023 to 2026; the reports are released on request rather than posted. Vulnerabilities go to [email protected]. We found no public bug bounty.

Its risk page names the main hazards: smart-contract bugs, a faulty upgrade slipping through the 48-hour timelock, a misconfigured or compromised off-chain manager leaking value to MEV (Arrakis caps leakage per block), oracle failure, and divergence loss. Arrakis states that its strategies aim for neutral to positive returns against holding but do not guarantee them. For background on the value searchers extract from liquidity pools, see MEV explained.

In August 2026 an older Arrakis V1 vault lost 2.94 WETH, about $7,100, to a sandwich attack on its Uniswap v3 share accounting, according to SlowMist and DefiLlama. The loss was small, and we found no Arrakis statement about it.

Onboarding starts with the contact form on arrakis.finance; Arrakis then deploys and configures the vault. Leaving is in the issuer's hands: the NFT holder can withdraw the vault's assets at any time, and the terms say the service ends on termination of the agreement. There is no retail product to sign up for.

Support and announcements run through the website contact form, docs and the @ArrakisFinance account on X. Confirm any address or contract with Arrakis through those channels before moving funds.