Liquidity Manager · Review
ActiveTeahouse Permissionless Review 2026: Managed LP Vaults
Teahouse Permissionless is a set of dual-asset liquidity vaults run by Strategy Managers across nine chains. It is a niche, low-TVL product that suits users who want managed LP positions rather than doing it themselves.
By the DappsAtlas editorial team · Updated
DappsAtlas score
5.8/10
Mixed
Our verdict on Teahouse Permissionless
5.8/10Teahouse Permissionless suits DeFi users who want exposure to dual-asset liquidity provision without actively repositioning ranges themselves. Its main strengths are flexible withdrawals, managed strategies and wide chain coverage. The main caveat is scale: TVL of roughly $17,000 shows little usage, and fee terms and strategy performance should be checked vault by vault, along with impermanent loss and smart-contract risk.
Score breakdown
How Teahouse Permissionless scores
- Security
- 6.0/10
- Ease of use
- 6.5/10
- 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 Teahouse Permissionless?
Teahouse Permissionless is a collection of liquidity provision vaults from Teahouse Finance. Each vault holds a pair of tokens and follows a strategy run by a professional Strategy Manager, with users free to deposit and withdraw at any time.
The vaults are listed on nine networks: Optimism, Arbitrum, Boba, Polygon, Linea, Mantle, Scroll, BNB Chain and Starknet. The app lets users filter by AMM, sort by APR and track positions in a portfolio view. It has been tracked since July 2024's predecessor listing in July 2023.
TVL is about $17,000, so it operates at a very small scale. The product is more of an infrastructure layer for LP management than a mass-market yield app.
How Teahouse Permissionless works
A liquidity provision vault pools user deposits of two tokens and places them into a decentralized exchange pool, where traders pay fees to swap between the pair. Depositors share in those fees in proportion to their stake in the vault.
On Teahouse, a Strategy Manager decides how the position is managed, such as adjusting the price range or rebalancing as markets move. This replaces the manual work of repositioning concentrated liquidity yourself.
Because the vault holds two assets, its value changes as their prices change. Fees can offset impermanent loss, but not always.
6 features
Key features
01
Dual-asset LP vaults
Vaults hold token pairs and provide liquidity on automated market makers. The app lets users filter vaults by AMM.
02
Managed strategies
Strategies are run by professional Strategy Managers and respond dynamically to market signals instead of leaving a fixed position.
03
Flexible deposits and withdrawals
Users can deposit and withdraw whenever they like, without a fixed lock period as described.
04
Multi-chain deployment
Vaults are listed on Optimism, Arbitrum, Boba, Polygon, Linea, Mantle, Scroll, BNB Chain and Starknet.
05
APR sorting and portfolio view
The app lets users sort vaults by APR and view a portfolio and My Vaults section for tracking positions.
06
Incentivized vaults
Some vaults carry incentives, and a guide describes selecting incentivized vaults, depositing and then claiming rewards.
Pros and cons
What we like
- Managed strategies save users from rebalancing LP positions themselves.
- Deposits and withdrawals are available at any time.
- Runs on nine chains, including several low-cost layer 2s.
- Two audits are listed, and a separate announcement notes an audited Cairo version of TeaVault V3.
- Vaults can be filtered by AMM and sorted by APR in the app.
Watch out for
- TVL is only about $17,000, which is very small and suggests limited adoption and liquidity.
- Returns depend on the Strategy Managers' decisions and on market conditions, so APR is not guaranteed.
- Dual-asset liquidity positions carry impermanent loss when the paired tokens diverge in price.
- Smart-contract risk applies; only two audits are listed and the audit reports are not reproduced on the app page.
- No governance or native token is listed, and the team's identity and fee details are not published on the app page.
- The app front page shows little explanatory text, so newcomers must read external documentation to understand each strategy.
Teahouse Permissionless fees
Fee levels, such as management or performance fees charged by Strategy Managers, are not published on the app's front page. Users should check the details on each vault before depositing.
On top of any vault fees, normal network gas costs apply when depositing, withdrawing or claiming rewards, and these differ by chain.
Is Teahouse Permissionless safe?
Two audits are listed for the project. A separate announcement from April 2024 says the Cairo version of TeaVault V3 passed an audit by Ginger Security, with lower-severity issues resolved. Audits lower risk but do not guarantee safety.
Users keep funds in smart-contract vaults and depend on Strategy Managers to run strategies well. The project does not include details on manager vetting, fee terms or any incident history. With TVL near $17,000, the pools are thin, so check liquidity and slippage before depositing. Use only funds you can afford to lose.
7 steps
How to get started with Teahouse Permissionless
- 1
Open the Teahouse Finance app and connect an EVM wallet.
- 2
Choose a network where you hold funds and want to deposit.
- 3
Filter vaults by AMM or sort by APR to compare options.
- 4
Read the strategy and fee details for the vault you pick.
- 5
Deposit the required token pair, keeping some native token for gas.
- 6
Track your position under Portfolio or My Vaults and withdraw when you choose.
- 7
If the vault is incentivized, follow the claim steps in the Teahouse documentation.
Who Teahouse Permissionless is for
It suits experienced DeFi users who already understand liquidity pools and impermanent loss, and want a manager to handle range adjustments. It is less suited to beginners or anyone seeking guaranteed yield.
Teahouse Permissionless FAQs
What are Teahouse Permissionless Vaults?
They are liquidity provision vaults for dual-asset pairs. Users deposit and can withdraw at any time, and a Strategy Manager runs a DeFi strategy that adjusts to market signals.
Which chains does Teahouse Permissionless support?
DefiLlama lists Optimism, Arbitrum, Boba, Polygon, Linea, Mantle, Scroll, BNB Chain and Starknet. Available vaults vary by chain, and the app lets you filter them.
Does Teahouse have a token?
Teahouse has no token listed in the data used here. Public reporting mentions incentivized vaults with claimable rewards, so some vaults may pay extra rewards, but terms vary by vault.
Is Teahouse audited?
Two audits are listed. A separate announcement from April 2024 says the Cairo version of TeaVault V3 passed an audit by Ginger Security with lower-severity issues resolved. Audits reduce risk but do not remove it.
Can I withdraw at any time?
Yes, for the vaults described, the product states that users can deposit and withdraw at any time. Check each vault's page for any specific conditions.
Can I lose money in these vaults?
Losses are possible. Dual-asset LP positions can suffer impermanent loss, strategies can underperform, and smart contracts can fail. Only deposit what you can afford to lose.
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How we checked
Sources
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