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Skate Fi Review 2026: Range Protocol's Liquidity Layer

Skate Fi, formerly Range Protocol, is the liquidity layer of Skate Chain, a cross-VM infrastructure project. It is a small protocol in TVL terms and is still shifting from vault management to the wider Skate platform.

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By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

5.5/10

Mixed

Our verdict on Skate Fi

5.5/10

Skate Fi suits DeFi users who already know Range Protocol or want exposure to the Skate cross-VM ecosystem. Its strengths are the multi-year history, wide chain coverage and two listed audits. The main caveat is size and direction: TVL is only about $131K, fees are not published, and the project's focus has moved from vaults to a broader infrastructure vision. Treat it as a small, higher-risk protocol and read the documentation and audits before depositing.

Score breakdown

How Skate Fi scores

Security: 5.5/10
Ease of use: n/a
Fees: n/a
Features: 6.0/10

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 Skate Fi?

Skate Fi is the former Range Protocol, a liquidity management protocol that has become the liquidity layer of Skate Chain. Range Protocol announced Skate in 2024 as a universal application layer meant to let apps run on many chains with one state.

The protocol is listed on 11 networks, from Ethereum and Arbitrum to Manta, Mantle, ZetaChain and zkFair. It has been listed since May 2023, and two audits are recorded. Total value locked is about $131K, after a 46.5% rise over seven days from a low base.

The broader Skate project has its own token, SKATE, which KuCoin listed on spot markets in June 2025. The project's pitch centers on cross-VM infrastructure rather than a simple vault product.

How Skate Fi works

Liquidity managers like the earlier Range Protocol product take tokens from depositors and place them as liquidity in automated market makers, often in concentrated price ranges. Depositors receive a share of the vault and earn a portion of the trading fees. The manager adjusts ranges so the liquidity stays active and earns fees.

Skate Fi builds on this as the liquidity layer of Skate Chain. Skate is described as a universal application layer that lets an app run across several blockchains, including EVM and non-EVM virtual machines, while keeping one shared state. A liquidity layer supplies the assets such apps need to operate across those chains.

How Skate's execution network and settlement work in detail is outside what is confirmed here. Readers should consult the project's documentation for technical specifics.

6 features

Key features

Liquidity layer for Skate

Skate Fi is positioned as the liquidity layer of Skate Chain, supplying liquidity for apps that run across chains.

Range Protocol heritage

The protocol was previously known as Range Protocol, a liquidity manager, and is listed under that category.

Multi-chain deployment

It is listed on 11 networks, including Ethereum, Arbitrum, Base, BNB Chain, Polygon, Scroll and Blast.

Cross-VM vision

Skate aims to let one application operate across EVM and alternative virtual machines without separate deployments.

Native SKATE token

The SKATE token is described as covering governance, staking and rewards for the Skate ecosystem.

Audits listed

Two audits are listed for the protocol, though the reports are not detailed in the material reviewed.

Pros and cons

What we like

Builds on the established Range Protocol brand and its liquidity management background.
Deployed on 11 networks, giving broad chain coverage.
Listed since 2023, so it has a multi-year operating history.
Two audits are listed for the protocol.
Part of a wider cross-VM project with a native token that has exchange listings.

Watch out for

TVL is small, about $131K, so the liquidity layer has limited depth.
The project has repositioned from Range Protocol to Skate, so the original vault business may get less attention.
Fees for vaults and the liquidity layer are not published in the material reviewed.
Team, audit reports and governance details are not published in the material reviewed; only a count of two audits is listed.
Concentrated-liquidity positions carry impermanent loss and smart-contract risk.
Spread across 11 chains, which adds bridge and deployment risk.

Skate Fi fees

Fees are not published in the material reviewed. Vault management or performance fees, if any, would normally appear on the protocol's app or documentation pages, and users should check those before depositing.

On top of any protocol fee, users pay network gas on whichever chain they use, plus the price impact and impermanent loss that come with providing liquidity to automated market makers.

Is Skate Fi safe?

Two audits are listed for the protocol, but the auditors and findings are not detailed in the material reviewed. Liquidity vaults use smart contracts that hold user funds, so contract bugs, oracle problems and admin key risk are all possible. Deployments on many chains also add bridge and configuration risk.

The project's licensing, team and governance details are not published in the material reviewed. Skate is a DeFi infrastructure project, not a regulated financial service, and there is no deposit protection. Only commit funds you can afford to lose.

5 steps

How to get started with Skate Fi

1
Confirm the official Skate site and app through the project's verified social channels before connecting a wallet.
2
Read the documentation and the audit reports to understand which products are live and which chains they run on.
3
Pick a supported network such as Ethereum, Arbitrum or Base and fund a compatible wallet with the needed tokens plus gas.
4
Start with a small deposit to check how deposits, withdrawals and fees behave.
5
Monitor positions regularly, since concentrated liquidity can drift out of range or lose value to impermanent loss.

Who Skate Fi is for

Skate Fi is for experienced DeFi users who understand liquidity provision, impermanent loss and smart-contract risk, and who are interested in the Skate Chain ecosystem or already use Range Protocol vaults. It is less suited to beginners looking for a simple, low-risk yield product.

Skate Fi FAQs

What is Skate Fi?

Skate Fi is the new name of Range Protocol. It is described as the liquidity layer of Skate Chain, a project that aims to let decentralized applications run across multiple blockchains from one state.

Is Skate Fi the same as Range Protocol?

Yes. Range Protocol rebranded to Skate, and Skate Fi is the name used for its liquidity side. The Skate project was announced by Range Protocol in 2024 as a universal application layer.

Does Skate have a token?

Yes. SKATE is described as the native utility and governance token of SkateChain, used for governance, staking and rewards. It has been listed on exchanges such as KuCoin, which announced its spot listing in June 2025.

Which blockchains does Skate Fi support?

Skate Fi is listed on Ethereum, Manta, BNB Chain, Arbitrum, Mantle, ZetaChain, zkFair, Polygon, Scroll, Base and Blast.

How big is Skate Fi?

Total value locked is about $131K, so it is a small protocol. Small pools can mean thin liquidity and larger price impact. Anyone considering it should read the audit reports and understand impermanent loss first.

Has Skate Fi been audited?

The material reviewed lists two audits but does not name the auditors or detail the findings. Audits reduce risk but do not remove it, so check the published reports before depositing.

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