DEXes · Review

Koi Finance CL Review 2026: A Small zkSync Era DEX

Koi Finance CL is the concentrated-liquidity side of Koi Finance, a DEX, yield and bond platform on zkSync Era. It is a very small protocol, so liquidity and audit coverage are the main concerns.

zkSync Era

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

4.5/10

Weak

Visit Koi Finance CL

Our verdict on Koi Finance CL

4.5/10

Koi Finance CL suits experienced DeFi users who want to try a small zkSync Era DEX with concentrated liquidity, farming and bonds, and who accept high risk. Its main strength is the range of products for a protocol of this size. The main caveat is that liquidity is very thin at roughly $12,488 TVL, no audits are listed and the project publishes little documentation. Newcomers and anyone moving significant funds should look at larger, audited exchanges first.

Score breakdown

How Koi Finance CL scores

Security: 3.0/10
Ease of use: 5.5/10
Fees: n/a
Features: 5.5/10

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 Koi Finance CL?

Koi Finance CL is the concentrated-liquidity part of Koi Finance, a decentralized exchange, yield and bond platform that runs on zkSync Era. Its listing describes it as a fast DEX, and third-party summaries add limit orders, farming and bonds to the swap function.

The protocol is very small. Total value locked is about $12,488, it has been tracked since May 2024, and no audits are listed. Its own token, KOI, trades at a market capitalisation in the tens of thousands of dollars.

Its homepage is minimal and does not publish documentation, team details or a fee schedule. Several other sites using the Koi Finance name appear in public reporting, so confirming the correct app address matters.

How Koi Finance CL works

Koi Finance CL is an automated market maker. Instead of an order book, traders swap against pools of tokens that liquidity providers deposit, and the pool's pricing formula sets the exchange rate. Providers earn a share of the trading fees.

In a concentrated-liquidity pool, a provider chooses a price range for their capital. Liquidity inside that range earns more fees per dollar deposited, but it earns nothing when the price moves outside it. Standard pools spread liquidity across all prices and need less management.

Beyond swaps, the project describes a farming layer for extra rewards and a bond system. With bonds, a user commits assets to the protocol in exchange for tokens that vest over time. All of this runs as smart contracts on zkSync Era, a zkRollup that settles on Ethereum.

6 features

Key features

Concentrated and standard pools

The platform offers concentrated-liquidity pools alongside standard AMM pools, so liquidity providers can choose between a narrow price range and a classic full-range pool.

Limit orders

Third-party descriptions say users can place limit orders in addition to market swaps. The homepage does not document how they work.

Yield farming

The project describes a yield layer where users stake assets or liquidity positions to earn rewards. Rates are not published on the homepage.

Bond platform

Koi Finance also advertises bond participation, a mechanism where users buy tokens at a set price in exchange for a vesting schedule.

zkSync Era deployment

Running on a zkRollup keeps transaction costs lower than on Ethereum mainnet. Search snippets cite savings of over 95% in gas cost.

KOI token

KOI is the project's own token. It trades at a very small market capitalisation.

Pros and cons

What we like

Combines concentrated-liquidity pools, standard pools, farming and bonds in one app
Runs on zkSync Era, where network costs are lower than on Ethereum mainnet
Limit orders are reported alongside regular swaps, which is uncommon on small DEXes
Concentrated liquidity lets providers target a price range for higher fee efficiency
Low-stakes entry for users who want to experiment with a small zkSync Era protocol

Watch out for

Total value locked is only about $12,488, so liquidity is thin and large trades can move prices sharply
No audits are listed for the contracts
The homepage gives almost no written documentation, team information or fee schedule
The KOI token has a very small market capitalisation, which makes it volatile and hard to exit
Public reporting includes look-alike pages using the Koi Finance name, so users must confirm they are on the right site
Activity is limited to zkSync Era, so there is no multi-chain reach

Koi Finance CL fees

The homepage does not publish a fee schedule. Swap fees, concentrated-liquidity pool fee tiers and any bond discounts are visible inside the app when you select a pool or trade.

You will also pay network fees on zkSync Era in ETH. Search snippets say the platform aims to reduce transaction costs, and some summaries mention gas-free swaps, but the homepage does not confirm the terms or any conditions.

Is Koi Finance CL safe?

No audits are listed for Koi Finance CL, and the homepage does not point to a security report, bug bounty or team page. Smart-contract risk should be treated as high. As a non-custodial DEX, you keep your keys, but deposited funds sit in contracts that could contain flaws.

Liquidity is very thin, with TVL around $12,488, which raises the risk of slippage, price manipulation and pools that become inactive. The KOI token is also tiny by market cap. Bonds and farming rewards depend on token value holding up. Use only amounts you can afford to lose, and check the app address carefully because look-alike pages exist.

6 steps

How to get started with Koi Finance CL

1
Confirm you are on the official app address from the project's verified social account, since similar-looking Koi Finance sites exist.
2
Set up a wallet that supports zkSync Era and add the network if needed.
3
Bridge a small amount of ETH to zkSync Era to pay network fees.
4
Connect your wallet to the app and review the pool list, fee tiers and any warnings before you trade.
5
Start with a small test swap to check price impact and the final cost.
6
If you add liquidity, understand the price range you choose and the risk of impermanent loss before depositing.

Open Koi Finance CL

Who Koi Finance CL is for

This is for experienced DeFi users on zkSync Era who are comfortable with unaudited, low-liquidity protocols and want to try concentrated-liquidity pools, farming or bonds with small amounts. It is a poor fit for beginners, for large trades, and for anyone who needs published audits and documentation.

Koi Finance CL FAQs

What is Koi Finance CL?

Koi Finance CL is a decentralized exchange on zkSync Era from the Koi Finance project. It describes itself as a DEX, yield and bond platform, and this listing covers its concentrated-liquidity pools.

Which blockchain does Koi Finance run on?

The protocol's listing shows only zkSync Era. Users need a wallet that supports that network and some ETH there to pay transaction costs.

Does Koi Finance have a token?

The project's own token is KOI. Search snippets suggest it is used in the platform's farming and bond features, but the homepage does not publish token documentation.

Has Koi Finance been audited?

No audits are listed for this protocol, and the homepage does not link to a security report. Treat it as unaudited, use small amounts and read the contracts or any published documentation yourself.

How much liquidity does Koi Finance CL have?

Total value locked is about $12,488, which is very low. Low liquidity means higher slippage, wider effective spreads and a greater chance that a pool is thin or abandoned.

Does Koi Finance offer gas-free swaps?

Descriptions of the platform say it offers limit orders and cheaper transactions than Ethereum mainnet, and some summaries mention gas-free swaps. The homepage does not explain how this works, so check the app before relying on it.

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