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ICHI Review 2026: Single-Token Liquidity Vaults Explained

ICHI is a non-custodial liquidity manager that takes single-token deposits and places them in concentrated liquidity pools to earn trading fees. It has a long track record and many audit firms, but its TVL is modest.

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By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

7.0/10

Good

Visit ICHI

Our verdict on ICHI

7.0/10

ICHI suits DeFi users who want exposure to concentrated liquidity fees without managing price ranges, and projects or DAOs that want deeper liquidity for their token. Its main strengths are single-token deposits, automated strategies, a track record since 2021 and a broad list of auditors. The main caveats are modest TVL of about $5.9 million, unpublished fee details, and the usual impermanent loss and smart-contract risks.

Score breakdown

How ICHI scores

Security: 7.0/10
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 ICHI?

ICHI is a non-custodial liquidity management protocol built around concentrated liquidity on Uniswap V3 and similar AMMs. Its homepage describes it as a way to grow any token with low-slippage, on-chain liquidity. DefiLlama lists it in the Liquidity Manager category, with a listing date of November 2021.

The main product is ICHI Vaults. Users deposit a single token, and the vault deploys it into concentrated liquidity pools to earn trading fees. Projects and DAOs can also use vaults to build deeper liquidity and make better use of treasury tokens.

ICHI has spread across many networks, including Ethereum, Base, Arbitrum, BNB Chain, Polygon, Linea, Mantle, Scroll, zkSync Era, Sonic and Hedera. Current TVL is about $5.9 million, with a 5.3% drop over seven days. It has its own ICHI token.

How ICHI works

ICHI Vaults accept a deposit in a single token. The vault then places those funds into a concentrated liquidity pool, such as Uniswap V3, where traders pay fees to swap against that liquidity.

Concentrated liquidity means capital sits within a chosen price range, which can earn more fees per dollar than spreading it across all prices. The range needs adjusting as prices move. ICHI uses algorithmic strategies to handle this so depositors do not need to manage it themselves.

Projects can also use vaults to deepen liquidity for their own token, and DAOs can put idle treasury tokens to work. Returns come from trading fees and depend on volume and price movement.

6 features

Key features

Single-token deposits

ICHI Vaults take a deposit in one token, so users do not need to supply a matched pair to provide liquidity.

Concentrated liquidity strategies

Vaults deploy funds into Uniswap V3 style concentrated liquidity pools to earn trading fees for depositors.

Automated rebalancing

Algorithmic strategies manage and rebalance positions, so depositors do not adjust price ranges manually.

Broad network coverage

The protocol is listed on more than 25 chains, including Ethereum, Base, Arbitrum, BNB Chain and several Layer 2 networks.

Treasury and liquidity tools

Projects and DAOs can use vaults to build deeper on-chain liquidity and put idle treasury tokens to work.

Multiple security reviewers

The homepage lists audits or reviews from Quantstamp, Solidified, Certik, Pashov Audit Group, Bail Security and FYEO.

Pros and cons

What we like

Single-token deposits remove the need to supply a matched pair.
Automated strategies handle range management for concentrated liquidity.
Non-custodial design, so users keep control of funds through the smart contracts.
Listed since late 2021, which gives it a long operating history.
Several audit firms are named on the homepage.
Available on a wide range of networks, including many Layer 2s.

Watch out for

TVL of about $5.9 million is small for a protocol spread across more than two dozen networks.
TVL fell 5.3% over the past 7 days in the DefiLlama data.
Yield depends on trading fees from concentrated liquidity pools, so returns can vary and are not guaranteed.
Depositors still carry impermanent loss and price risk on the tokens in the vaults.
Fee structure is not stated publicly, so users must check the app and docs before depositing.
Smart-contract risk remains even with several audits listed.

ICHI fees

The project does not publish fee details for ICHI, such as performance or management fees. Depositors earn trading fees from the underlying pool, and any protocol cut would be shown in the app or the documentation.

Users also pay normal network gas fees to deposit and withdraw, which vary by chain. Check the vault page for current terms before depositing.

Is ICHI safe?

ICHI describes itself as non-custodial. The homepage names Quantstamp, Solidified, Certik, Pashov Audit Group, Bail Security and FYEO, and DefiLlama lists 2 audits. The project does not give audit dates, scopes or findings, and no incident history is stated publicly.

Main risks are smart-contract bugs, impermanent loss, token price swings and reliance on the underlying AMMs. Multi-chain deployment widens the surface for bridge or chain-specific issues. Read the audit reports and docs before depositing, and only commit funds you can afford to lose.

6 steps

How to get started with ICHI

1
Read the ICHI docs to understand how vaults and their strategies work.
2
Pick a network and a supported token, and check the vault's pool and strategy details.
3
Connect a compatible wallet through the Launch App button on the official site.
4
Review fees, any withdrawal terms and the risks, including impermanent loss.
5
Deposit a small amount of a single token first to see how the vault behaves.
6
Monitor the position and withdraw when it no longer fits your plan.

Open ICHI

Who ICHI is for

ICHI fits yield-seeking DeFi users who hold one token and want automated liquidity provision, as well as token projects and DAO treasuries looking to deepen on-chain liquidity. It is less suited to anyone who wants guaranteed returns or no exposure to market risk.

ICHI FAQs

What is ICHI?

ICHI is a non-custodial liquidity management protocol. Its main product, ICHI Vaults, accepts single-token deposits and deploys them into concentrated liquidity pools such as Uniswap V3 to earn trading fees.

How does ICHI generate yield?

Depositors earn trading fees generated by the concentrated liquidity positions the vault manages. The project does not state a specific APR, and returns depend on trading volume and market conditions.

Does ICHI have a token?

Yes. The ICHI token is listed by DefiLlama under the ticker ICHI. Public sources provided do not detail its exact utility or tokenomics, so check the official docs for that.

Which networks does ICHI support?

DefiLlama lists ICHI on many chains, including Ethereum, Base, Arbitrum, BNB Chain, Polygon, Linea, Mantle, Scroll, zkSync Era, Sonic and Hedera. Vault availability differs per network, so confirm in the app.

Has ICHI been audited?

The homepage names Quantstamp, Solidified, Certik, Pashov Audit Group, Bail Security and FYEO, and DefiLlama lists 2 audits. An audit lowers risk but does not remove it, and the scope of each audit is not given here.

Is ICHI safe?

The protocol is non-custodial, but losses are still possible from smart-contract bugs, impermanent loss and token price drops. Only deposit what you can afford to lose.

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