Arrakis is an innovative web3’s liquidity layer that offers its native SPICE token. It acts as a decentralized market-making platform. That means Arrakis enables projects to create deep liquidity for their tokens on decentralized exchanges. This project has one mission – it aims to become the best web3’s liquidity layer. It will allow LPs and tokenized projects to optimize their DEX liquidity on and across multiple blockchains. And Arrakis will ensure to do that in a seamless and automated manner.
According to the founder team, this platform is a reaction to the problems that many projects in web3 are facing today. For example, traditional Uniswap v2 AMMs currently provide a one-size-fits-all liquidity solution. While being pretty simple and straightforward, they lack efficiency and are costly to subsidize liquidity programs. Moreover, next-generation AMMs, such as Uniswap v3, provide liquidity efficiency improvements, but that comes at the cost of added complexity and risk to LPs.
The user-experience researches show that the multichain landscape made liquidity increasingly fragmented, and the operational overhead of managing liquidity is exponentially higher. As a result, projects are forced to spend an unnecessary amount of resources and time on complex topics like cross-chain liquidity provision, active liquidity management, and modeling expenditures on market-making programs.
Arrakis wants to solve these issues. It first appeared on the market in 2021. However, the protocol has already demonstrated exceptional growth on every conceivable metric. In May 2022, the project had $745 million in TVL in its LP vaults. That comprises roughly 19% of Uniswap v3’s entire liquidity. That makes Arrakis the largest LP on Uniswap v3, and the company achieved all that without any native liquidity mining incentives.
What about the SPICE token?
SPICE is the hot utility token of the Arrakis platform. The team launched its ICO sale on May 19, 2022. The sale will end on September 8, 2022. It aims to raise 30,000,000 with the sale of this ERC20 token.
The company noted that with Arrakis vaults, even passively holding an ERC20 LP token is enough to automatically expose an LP to the underlying automated strategy. That encourages grassroots innovations in liquidity aggregation in more efficient but at the same time more complex markets like Uniswap v3.
Furthermore, Arrakis will open the door for a new area of decentralized market making with the potential for tokenized products such as Auto-Hedged delta-neutral LP positions; Liquidity as a Service Strategies; Cross-AMM positions; Sophisticated multi-positions on concentrated AMMs; Cross-chain strategies; And LP positions coupled with lending/borrowing or options markets.
According to the team, the main purpose of the protocol is to aggregate, grow and sustain the best-in-class strategies. Moreover, it wants to achieve an effective DEX liquidity provision, which will be openly accessible to all, as well as seamlessly composable with the rest of Defi. After achieving that, the company will foster deeper, as well as more robust liquidity for numerous projects and use cases across the web3 landscape.
In addition, the Arrakis DAO will coordinate the management of its tokenized strategies with its curated list of automated strategies. However, the protocol will take a 25% commission on fees earned from all liquidity under management as protocol revenue. But on the other hand, projects will get optimized liquidity without the management overhead, along with access to liquidity gauge emissions of the $SPICE token.
What are the SPICE token’s benefits?
The company stated that $SPICE emissions would provide additional incentives for LPs and attract “sticky” liquidity to vaults. It would also double as a bootstrapping mechanism for distributing governance power over the protocol. The team aims to achieve the latter by vote locking $SPICE for non-transferable $xSPICE. It seems the tokenomics of $xSPICE and $SPICE are inspired by Curve’s explosively popular ve design. And several important differences are optimized to fit and grow the project’s future product fleet.
The company decided to distribute $SPICE at the genesis of Arrakis and the $SPICE economy. The ICO sale is part of this plan.
Capsule Social’s native token is coming soon. What does this project offer?
Capsule Social provides innovative tools to enable decentralized discourse. The team is pretty passionate about the subject. Its members believe that people urgently need tools to protect better their privacy, autonomy, and right to free speech as they share information on the internet.
The company introduced Blogchain, which features a simple, beautiful interface designed to empower a wide variety of creators. Its users include authors, journalists, artists, activists, scientists, hobbyists, and anyone else who wants to share their ideas with interested readers.
Moreover, the platform leverages powerful decentralized technologies like OrbitDB, IPFS, and the NEAR Protocol. It aims to enable resilient, censorship-resistant writing and payments to authors and creators in either crypto or fiat money. The company is also working on its own governance token, so the community will soon have a say in moderation and other matters.
Nadim Kobeissi, a Paris-based cryptography researcher, founded Capsule in early 2021. Within a day of tweeting his initial idea for a social network, he got seed funding from several investors. Among them was former Coinbase Chief Technology Officer Balaji Srinivasan. The company has raised an additional round afterward.
The company’s growing team is highly diverse. It has members across Europe, Africa, Canada, India, and the U.S. Capsule Social sees this as a great strength. Because it believes that if you’re building a social app to make the world a better place, it will help to have people from diverse parts of the globe participate in the process.
What is the Capsule Social team working on currently?
Currently, the Capsule team is creating a token that will facilitate fair, transparent community governance. That will include content moderation by using smart contracts. The latter is integral to the team’s vision for creating a fairer, more transparent content ecosystem.
In addition, the company is building the future of decentralized discourse on top of performant, well-designed decentralized technologies. It designed Blogchain, which is its new publishing platform, in such a way as to counter Big Tech censorship and related issues. These have dominated the news lately, but the company wants to curb them without sacrificing the usability that creators and their audience are accustomed to on current platforms.
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