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Arrakis V1 Review 2026: Concentrated Liquidity Vaults

Arrakis V1 is the original set of Arrakis vaults that manage concentrated Uniswap liquidity on Ethereum, Optimism and Polygon. It is small today at roughly $1.3M TVL, and the team's homepage now focuses on market making for token issuers.

By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

6.5/10

Good

Visit Arrakis V1

Our verdict on Arrakis V1

6.5/10

Arrakis V1 suits LPs and token projects that want concentrated liquidity on Uniswap-style pools without rebalancing by hand. Its main strength is a self-custodial vault model from a team with audits and an active research output. The caveat is scale and focus: V1 holds about $1.3M, fees are not published publicly, and the team's attention appears to have shifted toward market making for issuers. Check the docs for current vault availability first.

Score breakdown

How Arrakis V1 scores

Security: 7.0/10
Ease of use: 6.5/10
Fees: n/a
Features: 6.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Arrakis V1?

Arrakis V1 is the DefiLlama listing for the original Arrakis liquidity vaults. DefiLlama files it under Liquidity Manager and describes Arrakis as a protocol for concentrated and active liquidity management, using a curated marketplace of tokenized LP strategies.

The listing shows about $1.3M in TVL across Ethereum, Optimism and Polygon, up 0.5% over seven days. It has no token and lists two audits.

The current Arrakis homepage presents the company differently. It sells automated, non-custodial market making to more than 100 token issuers across Uniswap V4, Aerodrome, PancakeSwap, Velodrome and Solana, and mentions Hyperliquid spot and perpetuals. V1 is the older vault product within that history.

How Arrakis V1 works

In a standard Uniswap-style pool, an LP can concentrate funds in a narrow price range to earn more fees per dollar. The catch is that when the price leaves that range, the position stops earning and needs adjusting.

Arrakis vaults handle this. LPs deposit tokens into a vault, receive a vault token, and the strategy sets and rebalances the range on their behalf. Fees earned go back to the vault's holders, minus any protocol fees.

The homepage now describes a wider focus on market making for token issuers, with liquidity staying self-custodial. V1 is the earlier vault layer in that story, and the project does not detail its current mechanics beyond the DefiLlama description.

6 features

Key features

Concentrated liquidity management

Vaults manage concentrated liquidity positions in a DEX pool, adjusting price ranges so capital stays in the range where trades happen.

Tokenized LP strategies

Strategies are packaged as vault tokens, so LPs hold a single token that represents their share of a managed position.

Curated strategy marketplace

DefiLlama describes a curated marketplace of strategies aimed at deep liquidity and better LP earnings.

Self-custodial approach

Arrakis states its market making is non-custodial and that projects keep ownership of their liquidity.

Multi-chain deployment

The V1 listing covers Ethereum, Optimism and Polygon.

Audits listed

DefiLlama lists two audits for the protocol.

Pros and cons

What we like

Removes the need to manage concentrated liquidity ranges by hand
Self-custodial, non-custodial design as stated by Arrakis
Two audits listed on DefiLlama
Backed by an active team publishing research and docs and showing a 2026 copyright
Runs on three established chains: Ethereum, Optimism and Polygon

Watch out for

The V1 listing holds only about $1.3M in TVL, small next to the team's current focus on newer products
The homepage now centers on market making for token issuers, so V1 vaults get little attention there
No token, so there is no governance or incentive layer to speak of
Fee levels for V1 vaults are not stated publicly
Concentrated liquidity carries impermanent loss and active-management risk, and public sources give no performance figures
Smart-contract risk remains despite two listed audits

Arrakis V1 fees

Fees for Arrakis V1 are not published. Managed-liquidity protocols usually take a share of trading fees earned by the vault, and Uniswap-style pools also charge the pool's own swap fee, but the exact split here is not stated.

Users should check the vault page in the Arrakis app and the documentation for management or performance fees before depositing. Network gas on Ethereum, Optimism or Polygon is an additional cost.

Is Arrakis V1 safe?

DefiLlama lists two audits, but the project does not name the auditors or give dates. The homepage footer links to Risks, Disclaimer and Terms pages, which anyone depositing should read. Funds in vaults are exposed to smart-contract risk, market risk and impermanent loss.

The project does not mention any hacks or incidents, and they do not describe a regulatory status. Treat this as informational research, not financial advice, and only deposit what you can afford to lose.

6 steps

How to get started with Arrakis V1

1
Read the Arrakis documentation to confirm which V1 vaults are still active and how they work.
2
Check the risk disclosure and the audit reports before depositing.
3
Pick a vault and review its token pair, chain and fee tier.
4
Connect a self-custody wallet through the Arrakis app and confirm the right network.
5
Deposit both tokens as the vault requires and receive vault tokens.
6
Monitor the position and withdraw when needed, remembering impermanent loss and gas costs.

Open Arrakis V1

Who Arrakis V1 is for

Arrakis V1 is for DeFi-literate liquidity providers and token teams who understand impermanent loss and want managed concentrated liquidity on Ethereum, Optimism or Polygon. It is less suited to beginners, or to anyone who needs clear published fee and performance data upfront.

Arrakis V1 FAQs

What is Arrakis V1?

Arrakis V1 is a liquidity manager. It offers tokenized vault strategies that place and adjust concentrated liquidity on behalf of LPs and token projects, so they do not have to manage price ranges by hand.

Which chains does Arrakis V1 support?

DefiLlama lists V1 on Ethereum, Optimism and Polygon. Arrakis's current homepage also mentions Uniswap V4, Aerodrome, PancakeSwap, Velodrome, Solana and Hyperliquid, but those relate to the wider Arrakis offering rather than the V1 listing.

Does Arrakis V1 have a token?

No. DefiLlama shows no token for this listing. Check the official Arrakis channels before trusting any token claim, since scams often imitate established protocols.

Has Arrakis V1 been audited?

DefiLlama lists two audits for it. An audit lowers risk but does not remove it, and the project does not give the audit firms or dates, so read the reports in the documentation.

Is Arrakis V1 safe?

Arrakis describes its approach as self-custodial and non-custodial. Funds still sit in smart contracts, so contract bugs, market moves and impermanent loss remain real risks.

Is Arrakis V1 for individual users or projects?

The homepage presents Arrakis as a market maker for token issuers: project tokens, RWAs and equities. Individual LPs should check the documentation to see which vaults are open and whether V1 vaults are still the right fit.

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