Gamma vs Kodiak Islands: multi-chain reach or Berachain? (2026)

Both products automate concentrated-liquidity management, helping users avoid manually adjusting price ranges. Their main difference is scope. Gamma is listed across 35 chains and offers several product lines, including V2 Vaults, Pooled Vaults, a Limit Order Book, and Perp Vaults. Its dashboard also shows vault TVL, volume, fees, and APR.

Kodiak Islands are limited to Berachain and integrate with the Kodiak DEX. They wrap LP positions into ERC-20 tokens, so a position can be held as one token. Users can choose managed Islands, which automate range management, or permissionless Islands with fixed ranges. The listed TVL is higher for Kodiak, but TVL alone does not determine returns or risk.

Gamma does not publish its management or performance fee levels. Its vault table displays recent volume, fees, and APR, but those figures do not establish a user's net return. Network gas applies to deposits and withdrawals, and incentive rewards can change or end.

For Kodiak, managed Islands are reported to charge a 10% fee on LP fees earned. Permissionless Islands use fixed ranges, and the current fee for an Island is displayed in the Kodiak app before deposit. Users also face Berachain gas costs and the effects of the underlying pool's trading-fee tier. Check the specific Island's fee before committing funds. Neither product's displayed yield removes the possibility of losses, and incentive tokens may change in value.

Both projects list two audits, but neither publishes auditor names, dates, or findings here. Treat the audit count as limited information, not a guarantee that contracts are free of bugs. Gamma is described as non-custodial, with funds held in smart contracts rather than by a company. Kodiak deposits also depend on on-chain vault contracts after funds are deposited.

Both products expose users to smart-contract and concentrated-liquidity risks, including impermanent loss. Kodiak adds reliance on Berachain and its ecosystem; Gamma's broad chain and DEX coverage means users also depend on the relevant networks and integrations for each vault. Incentive programs can change, and rewards can lose value. Review the applicable contract and strategy details and deposit only what you can afford to lose.

Gamma suits users who want to compare vault metrics and choose among chains or strategy types. Its dashboard includes chain filters and vault data, and it offers custom Uniswap V4 LP vault creation. That breadth also means checking each vault's pool, strategy, fees, and incentive conditions before depositing.

Kodiak Islands suit users who specifically want Berachain LP exposure through the Kodiak DEX. The ERC-20 token format makes an Island position easier to hold as a single asset, and the app combines swaps with liquidity provision. Its interface is described as minimal, so check the app details carefully, especially for fees and whether an Island is managed or permissionless. Pick Gamma for range and chain choice; pick Kodiak for Berachain focus and tokenized positions.