Liquidity Manager · Review
ActiveCharm Finance V1 Review 2026: Permissionless LP Vaults
Charm Finance V1 is the earlier version of a permissionless liquidity manager on Ethereum that runs automated LP vaults. It is a low-TVL product that the team says has had no security incidents since May 2021.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.5/10
Good
Our verdict on Charm Finance V1
6.5/10Charm Finance V1 suits liquidity providers and token teams who want automated LP management on Ethereum without rebalancing positions by hand. Its main strengths are permissionless vault creation, on-chain performance data and a backtesting tool. The caveats are the small TVL of about $307,000, the Legacy status of this version, and fee levels that are not published in the material reviewed. Check the commissions and audit reports in the docs before depositing.
Score breakdown
How Charm Finance V1 scores
- Security
- 6.5/10
- Ease of use
- 7.0/10
- Fees
- n/a
- Features
- 7.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Charm Finance V1?
Charm Finance V1 is a listing for Charm, a permissionless liquidity manager on Ethereum. The homepage calls it the Liquidity Super App and says it is the easiest way to provide and manage liquidity. Its main pitch is that anyone can create an LP vault for any token, with no approval needed.
The project says it is the longest-running liquidity manager and has had no security incidents since launching in May 2021. It also says it charges the lowest commissions and has built some of the best-performing vaults. These are the project's own claims. The listing shows about $307,000 in total value locked, with a 1.1% change over seven days.
The site has a Legacy section, and this listing covers the earlier version of the product. The project has no token of its own on this listing.
How Charm Finance V1 works
A liquidity manager helps people who supply tokens to trading pools on a decentralised exchange. Providing liquidity well usually means choosing a price range and adjusting it as the market moves. A vault does that work automatically, so depositors do not have to rebalance positions themselves.
On Charm, a user deposits tokens into a vault and the vault manages liquidity on their behalf. Trading fees earned by the position are the source of yield, less the commission the vault charges. The project says anyone can create a vault for any token and design the LP strategy it follows.
The app also includes a backtesting tool. It lets users test how a strategy would have performed historically before putting in money. Vault performance data is on-chain, so it can be checked independently.
6 features
Key features
01
Permissionless LP vaults
Anyone can create a vault for any token without asking for approval. The project calls this the only way to create fully permissionless LP vaults.
02
100+ existing vaults
The homepage says users can browse a list of more than 100 existing vaults and deposit into one to earn yield from providing liquidity.
03
One-click vault creation
A vault can be created in one click, and it then manages liquidity on the creator's behalf.
04
Custom LP strategies
Users can build an LP strategy that manages liquidity and earns yield in different ways.
05
Strategy backtesting
The app offers backtesting, so a strategy's historical performance can be checked before capital is committed.
06
On-chain performance data
The project says vault performance data is on-chain, transparent and verifiable by anyone.
Pros and cons
What we like
- Vaults can be created permissionlessly for any token, in one click.
- The site offers more than 100 existing vaults to choose from.
- A built-in backtesting tool lets users test an LP strategy before committing funds.
- Vault performance data is on-chain and verifiable by anyone.
- The project says it has had no security incidents since May 2021.
- Two audits are listed for the project.
Watch out for
- The V1 listing holds about $307,000 in TVL, small for a liquidity manager, and public sources give no sign of fast growth beyond a 1.1% weekly change.
- The homepage has a Legacy section, so V1 may not be where the project's main development happens.
- Vault returns depend on pool trading volume and price movement, and liquidity providers can still lose money to impermanent loss.
- The site does not publish fee percentages in the material reviewed, so users must read the docs or vault pages to see commissions.
- The names of the auditors and the audit reports are not given here, so readers need to check them in the docs.
- Permissionless vault creation means anyone can launch a vault for any token, which puts due diligence on the depositor.
Charm Finance V1 fees
The homepage says Charm charges the lowest commissions among liquidity managers, so users keep more of their yield. This is the project's own claim and the material reviewed does not give a commission percentage.
Fees are not published in a form that can be quoted here. Users would see the vault commissions in the app and docs before depositing. Ethereum network gas fees also apply to deposits, withdrawals and vault creation.
Is Charm Finance V1 safe?
The project says it has had no security incidents since launching in May 2021, and the listing shows two audits. The auditors and report details are not given in the material reviewed, so check the docs for them. A clean record does not remove smart-contract risk.
Deposits sit in smart contracts, so users face contract risk and market risk, including impermanent loss. Vaults created permissionlessly for lesser-known tokens carry extra token risk. The project does not publish regulatory or licensing details in the material reviewed. Only deposit funds you can afford to lose.
6 steps
How to get started with Charm Finance V1
- 1
Read the docs on the official site to understand how vaults and their commissions work.
- 2
Check the audit information and decide how much capital you can afford to risk.
- 3
Connect an Ethereum wallet through the Launch App button.
- 4
Browse the list of vaults and compare the token pair, past performance and fees.
- 5
Deposit tokens into a vault, keeping some ETH for gas.
- 6
Monitor the position and withdraw when you want to exit.
Who Charm Finance V1 is for
Charm suits liquidity providers who want vaults to manage their positions, and token projects that want to create a vault for deeper liquidity. It also suits DeFi users who like to backtest strategies before committing funds. It is less suited to people who want a simple, hands-off yield product with no market risk.
Charm Finance V1 FAQs
What is Charm Finance V1?
Charm is a liquidity manager. It lets users deposit tokens into vaults that provide liquidity on their behalf, and it lets anyone create a vault for a token without permission. The project describes itself as the easiest way to provide and manage liquidity.
Which blockchain does Charm Finance V1 run on?
The listing shows Ethereum as the only chain for this version. Newer products from the same project may support other networks, but the V1 data points to Ethereum only.
Does Charm Finance V1 have a token?
The project does not issue its own token according to the data on this listing, so there is no token ticker to report. Users deposit existing tokens into vaults rather than buying a protocol token.
Is Charm Finance V1 safe?
The project says it has had no security incidents since it launched in May 2021, and the listing shows two audits. That is not a guarantee of safety, since smart-contract bugs and market losses remain possible. Check the audit reports in the docs and only deposit what you can afford to lose.
What does Charm Finance charge?
The homepage says Charm charges low commissions, but it does not give percentages in the material reviewed. The vault pages and the docs are where you would see the exact fees before depositing.
Can I create my own vault?
Yes. The homepage says users can create a vault for any token in one click, and can also design an LP strategy and backtest it before committing capital.
Compare
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How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.