Arrakis Meta Vault
Meta Vaults are a core component of the Arrakis Modular system, designed to provide a flexible and efficient way for users to manage liquidity on or across various decentralized exchanges (DEXs) and trading venues.
Public Versus Private
- Public Meta Vaults: These vaults implement ERC20 and are intended for shared liquidity positions or strategies. They allow for delegated management of liquidity on behalf of multiple participants who mint and burn vault ERC20 token supply by depositing or withdrawing a proportion of vault underlying assets.
- Private Meta Vaults: These are designed for token issuers and individual users to manage or delegate management of their own private liquidity. The ownership and transfer rights of Private Meta Vaults is tokenized as a fully onchain NFT, as shown below. Only vault owners can withdraw underlying liquidity from a private vault.
Deploying Vaults
The Factory is responsible for deploying new instances of both public and private Meta Vaults. Private vaults can be permissionlessly deployed by any address while public vaults are only deployed and controlled by whitelisted addresses. The Factory contract maintains a list of all deployed vaults and manages permissions for public vault deployments.
This architecture allows for efficient liquidity management across multiple platforms while providing options for both shared and private liquidity strategies, all within a modular and extensible framework.