Arrakis Finance
On-chain market maker for token issuers
Runs on-chain market making for token issuers from vaults the issuer owns; Lisk DAO’s treasury holds two of them.
About Arrakis Finance
Arrakis Pro is non-custodial on-chain market making for token issuers: it manages concentrated liquidity on DEXs such as Uniswap and Aerodrome from vaults the issuer owns, handling rebalancing, fees and inventory. Arrakis says it manages liquidity for over 100 token issuers.
arrakis.finance ↗Our verdict
The issuer owns each vault and can withdraw at any time, but Arrakis publishes no reports on what it does inside them.
How each block was graded
Mandate
The Lisk DAO’s treasury council owns two Arrakis-managed LSK-ETH vaults, set up under earlier DAO votes and reported again in August 2026 when Lisk proposed moving them. We could not load the original Lisk proposals, and two other DAO proposals naming Arrakis were not enacted.
| What we found | Source | Checked |
|---|---|---|
| Lisk DAO treasury council owns two Arrakis-managed LSK-ETH vaults on Ethereum and Base (reported 25 Aug 2026) | cryptotimes.io | 2026-09-21 |
| Summer.fi RFC to fund an Arrakis vault: not promoted to a vote (Jan 2026) | forum.summer.fi | 2026-09-21 |
Money
Value in Arrakis vaults is tracked publicly at about $60M on 21 Sep 2026. The issuer owns each vault through an NFT and can pause, reconfigure or withdraw at any time; Arrakis submits rebalances within on-chain limits, and parameter changes carry a two-day timelock.
| What we found | Source | Checked |
|---|---|---|
| Total value locked across Arrakis vaults: $60.1M (read 21 Sep 2026) | defillama.com | 2026-09-21 |
| Each vault is owned by the issuer through an NFT; the owner can pause, reconfigure or withdraw at any time; two-day timelock on core parameters | docs.arrakis.finance | 2026-09-21 |
Transparency
Vault positions sit in public contracts that anyone can inspect with a block explorer, but Arrakis publishes no dashboard or reports of its own that we could find.
| What we found | Source | Checked |
|---|---|---|
| Risk and audit pages published; no public per-vault dashboard or periodic reports in the docs | arrakis.finance | 2026-09-21 |
Strengths & weaknesses
What works
- ✓The issuer owns the vault and can withdraw at any time
- ✓A DAO treasury holds Arrakis-managed vaults
- ✓Value managed is tracked independently
Where it loses grades
- ✕No public dashboard or reports on what it does in a client’s vault
- ✕Two DAO proposals naming it were not enacted
- ✕An Arrakis vault lost 2.94 WETH to an exploit in August 2026; whether users were made whole is not reported
Incidents
- 2026-08-24 — 2.94 WETH lost to a liquidity sandwich attack on Uniswap v3 mint and burn accounting; the report does not say which vault or whether users were made whole. [users made whole: unknown] [source]
A token issuer that wants on-chain liquidity managed without giving up ownership of the tokens.
A DAO that needs published reports on its liquidity manager’s activity.
The rest of the dao treasury & liquidity managers ranking
Same three blocks, same rules, same review run — this is what Arrakis Finance is being compared against.
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