Liquidity Manager · Review
Penguin Review 2026: Solana Liquidity Service
Penguin is described as a Solana-based liquidity-as-a-service platform, but its service model, fees and safeguards are unclear.
By the DappsAtlas editorial team · Updated
DappsAtlas score
—/10
Not rated
Our verdict on Penguin
Penguin is identified as a Solana-based liquidity-as-a-service platform, but there is not enough detail to assess how its services work, who can use them or what they cost. It may be relevant to Solana projects seeking liquidity support, but prospective users should verify the service model and terms directly before committing funds. No audit information is listed, so contract and counterparty risks remain difficult to assess.
Score breakdown
How Penguin scores
- Security
- n/a
- Ease of use
- n/a
- Fees
- n/a
- Features
- n/a
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 Penguin?
Penguin is described as a Liquidity-as-a-Service platform built on Solana and is categorized as a DEX. Its description does not explain the specific services it offers or how they work.
Fees, service terms and audit details are not published. Penguin does not identify its own token.
How Penguin works
Liquidity-as-a-Service platforms generally provide tools or services related to liquidity provision, such as helping projects make markets or manage liquidity. Penguin identifies itself as a Solana-based platform in this category, but does not explain its specific mechanism or what a user needs to do.
Without details on its contracts, supported assets or service flow, users cannot tell how funds would be handled or what outcomes to expect. Confirm those details with the project before interacting with it.
Pros and cons
What we like
- Built on Solana.
- Identified as a liquidity-as-a-service platform.
Watch out for
- Penguin does not explain how its liquidity service works or who it is designed for.
- Fees and service terms are not published.
- No audit information is listed, making smart-contract risk difficult to assess.
Penguin fees
Penguin does not publish fee details. Confirm any charges and service terms directly with the project before using it.
Is Penguin safe?
No audit information is listed, and details about Penguin's contracts, custody model and handling of funds are not published. These gaps make it difficult to assess smart-contract and counterparty risks. Verify the service and its terms before committing funds.
2 steps
How to get started with Penguin
- 1
Confirm directly with Penguin what its service does and who can use it.
- 2
Ask for the current fees, terms and relevant contract addresses before committing funds.
Who Penguin is for
Penguin may be relevant to Solana projects exploring liquidity services, but its audience and service workflow are not explained. Anyone considering it should first confirm what it provides, how funds are handled and what fees apply.
Penguin FAQs
What is Penguin?
Penguin is described as a liquidity-as-a-service platform built on Solana. Its product description does not explain the specific services or user flow.
What fees does Penguin charge?
Penguin's fees are not published. Confirm any charges and terms directly with the project before committing funds.
Compare
Penguin alternatives
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Snuggle is an automated concentrated-liquidity manager on Base and Arbitrum that rebalances LP positions without swaps for a 15% fee on earnings.
Gamma is a non-custodial protocol that automates concentrated liquidity positions on DEXs across many chains for liquidity providers.
HawkFi is a Solana LP terminal that automates concentrated liquidity strategies on Meteora DLMM and Orca CLMM for active market makers.
ICHI is a non-custodial liquidity manager whose vaults turn single-token deposits into concentrated liquidity positions that earn trading fees.
Same category
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Baseline is an onchain token issuance protocol where each token owns its liquidity via a built-in AMM with a floor price, aimed at founders and DeFi users.
Krystal is an AI-assisted liquidity management platform with vaults and tools for farming DEX pools across Ethereum, Base, BNB Chain, Arbitrum and more.
Arrakis Finance, formerly G-UNI, is an onchain market-making protocol that automates Uniswap liquidity for providers and token issuers.
Gamma is a DeFi protocol offering automated liquidity vaults, Uniswap V4 limit orders, and perpetual trading vaults on Hyperliquid.
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OKX is a major centralized crypto exchange for spot and derivatives trading, earn products and a Web3 wallet, with its own OKB token.
LayerZero V2 is a cross-chain messaging protocol and bridge infrastructure for developers and asset issuers, connecting dozens of blockchains.
Jito Liquid Staking lets Solana users stake SOL for JitoSOL, a liquid token that accrues staking and MEV rewards.
Marinade is a Solana staking protocol offering native and liquid staking (mSOL) via an auction where validators bid for delegated SOL.
Across is an intent-based cross-chain bridge and swap protocol for moving tokens between Ethereum, rollups and other chains, with an API for apps.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.