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DEX & liquidity

Ichi

Decentralized exchange — earn fees by helping other people swap tokens.

Total value held · all chains
$13.6 Million
+0.85% this week

33% on Base · also on 3 other chains

Chains

4

Live yield options

5

Best reward rate

137.34%

Live since

2021

How it works

Using Ichi in three steps

  1. 1

    Pair two tokens

    Pick two tokens (e.g. ETH + USDC), deposit both in equal value into the trading pool.

  2. 2

    Earn a share of fees

    Every time someone swaps through this pair, you earn a tiny cut of the fee. The more people trade, the more you earn.

  3. 3

    Watch out for IL

    If one token's price moves a lot relative to the other, you'd have been better off just holding — the gap is called 'impermanent loss'.

Read up

About Ichi

ICHI is a non-custodial liquidity management protocol that enables the use of sophisticated algorithmic strategies on Uniswap V3. It allows token holders, institutions, and projects to earn on-chain yield and help establish deeper on-chain token liquidity. ICHI's main product is ICHI Vaults which accept single-token deposits and then deploy these tokens into Uniswap V3 concentrated liquidity pools in order to earn trading fees for the depositor (yield). In addition to on-chain yield opportunities, ICHI Vaults allow projects to build deeper, on-chain liquidity and provide them with enticing treasury management strategies.

Description provided by the protocol team. Always verify directly before depositing funds.

Frequently asked

What people ask about Ichi

What is Ichi?

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Ichi is an on-chain app. Decentralized exchange — earn fees by helping other people swap tokens.

Is using Ichi safe?

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Ichi has 2 public audits on file. Audits help — they don't eliminate risk. Always check what tokens you're depositing and never put in more than you can afford to lose.

How much can I earn?

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Right now yields on Ichi run 2.9%–137.3% per year, depending on which pool you pick and which chain you use. Rates change with demand.

Which chains does it run on?

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Ichi runs on 4 chains, including Base, Hedera, Celo, BSC. Each chain has its own fees and speeds — pick the one you already use.

Figures are reference values aggregated from public sources and refresh hourly. Always confirm directly before depositing funds.