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Decentralized Market Maker Arrakis Finance Raises $4 Million

Arrakis Finance, a decentralized market-making protocol, raised $4 million in a seed funding round. Investors included Uniswap Labs Ventures, Accel, Polygon Ventures and Robot Ventures. There was no lead investor in the round, and it was secured via a simple agreement for future tokens (SAFT), Ari Rodriquez, co-founder of Arrakis Finance, told The Block. The round started in May and closed in September, Rodriquez added. (The Block)

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