ICHI vs Kodiak Islands: Which liquidity vault fits? (2026)

ICHI and Kodiak Islands both automate concentrated-liquidity strategies, but they are built around different networks and deposit experiences. ICHI accepts a deposit in one token and deploys funds into Uniswap V3-style pools. It is listed on more than 25 chains, including Ethereum, Base, Arbitrum and BNB Chain. Kodiak Islands are tied to Berachain’s Kodiak DEX; they wrap concentrated-liquidity positions into ERC-20 tokens. The main practical divide is reach versus focus: ICHI offers more network options, while Kodiak is designed for Berachain liquidity. The listed TVL is about $5.9 million for ICHI and $36.0 million for Kodiak Islands. TVL is a measure of assets deposited, not a promise of returns or safety.

ICHI does not publish details of its fee structure, including any performance or management fee. Depositors should check the vault page and documentation for the terms that apply to a specific strategy. Kodiak’s fee details are also not fully published, but managed Islands are described as charging a 10% fee on LP fees earned. Permissionless Islands use fixed ranges rather than managed range strategies. Both projects also involve network gas costs, and Kodiak users may be affected by the underlying pool’s trading-fee tier. These costs and terms can vary by vault or transaction, so compare the specific options in each app before depositing. A fee figure alone does not show likely net returns: pool trading activity, incentives and price movements also matter.

Both projects list two audits, but audits do not remove smart-contract risk. ICHI names several audit firms on its homepage, including Quantstamp, Solidified and Certik, but does not publish audit dates, scopes or findings in the project details here. Kodiak lists two audits without naming the auditors or publishing their findings. ICHI describes its vaults as non-custodial; Kodiak deposits remain under the control of on-chain vault contracts after deposit. Both strategies expose users to impermanent loss and token-price swings. Kodiak also concentrates users’ exposure on Berachain and its ecosystem. ICHI’s multi-chain availability is a choice of networks, not a guarantee that every chain or vault has the same risk profile. Review the applicable vault details and audit reports before committing funds.

Choose ICHI if you want a single-token deposit, automated range management and a choice of networks beyond one ecosystem. It may also suit projects or DAOs seeking tools to build on-chain liquidity or put treasury tokens to work. Its fee structure is not published, so check the terms of a particular vault before depositing. Choose Kodiak Islands if you specifically want Berachain LP exposure, value LP positions represented as ERC-20 tokens, or want to choose between managed and permissionless Islands. Be aware that managed Islands carry a stated fee on LP fees earned, and incentives may change in value. Neither option is suitable simply because its TVL is higher: consider your chain, token exposure, fee terms and tolerance for liquidity risks.