Architecture

At the heart of the Arrakis Modular system is the concept of Meta Vaults. These Meta Vaults enable users wishing to provide liquidity with two distinct assets to do so across any trading venue—without the need to deploy or migrate funds to new vaults. Meta Vaults have the capability to whitelist various modules, essentially smart contracts that establish integration with liquidity-consuming dApps. This design ensures that as new DEXs emerge, liquidity provision becomes a matter of simply creating and whitelisting a new module compatible with the DEX, and then activating it.

For now, the domain of use-cases considered for a module could still all be integrations with a (single) DEX liquidity provision protocol, though technically modules could become more complex (a module that integrates with multiple DEXs simultaneously and can rebalance across them, or a module that integrates a DEX and peripheral protocols like lending markets or options protocols).