TechFlow News, Arrakis Finance, a crypto market maker, has raised $4 million in seed funding, with participation from Uniswap Labs Ventures, Accel, Polygon Ventures, and Robot Ventures. The round was secured through a Simple Agreement for Future Tokens (SAFT), and the funds will be used to expand the team and develop the protocol.
Arrakis Finance was founded last year by Rodriquez and Hilmar Orth, launching the first version of its protocol in April last year, enabling algorithmic strategies on Uniswap V3. Last week, Arrakis launched V2 of its protocol, which "can be seen as an abstraction layer on top of AMMs like Uniswap V3 and supports interactions similar to a central limit order book (CLOB)." Original link
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