A New Chapter: Token Metrics Shifts Fully to On-Chain Indices


An important update from Ian Balina, Founder and CEO
Today marks a pivotal moment in Token Metrics' journey. After careful consideration of market dynamics and community feedback, we're making a strategic decision that will shape our future: we are sunsetting the Token Metrics Analytics platform and API to focus entirely on building and operating our on-chain indices.
Why We're Making This Change
The crypto landscape has evolved significantly. Research and analytics tools have proliferated, with many platforms offering similar features and dashboards. Meanwhile, the real innovation and differentiation is shifting toward on-chain products that enable investors to own the market itself—simply, transparently, and non-custodially.
Over time, we've noticed a clear trend: the strongest and most consistent interest around Token Metrics has centered on our indices, especially TM100, rather than new features in the Analytics platform or raw data feeds. Our community has shown us where the real value lies.
In response to these market conditions and community sentiment, we've made the decision to narrow our focus dramatically. We're consolidating into a much smaller, highly focused team with a single mission: to do fewer things and do them exceptionally well.
What's Changing and When
Here's the complete timeline for this transition:
Effective Immediately
Analytics and the API enter maintenance/read-only status. Users can still log in to view historical Ratings, but no new features will be released.
November 27, 2025
This is the strict deadline to submit your choice regarding your subscription balance. Please don't delay—requests received after this date may not be processed due to the platform shutdown.
November 28, 2025 (Black Friday)
Subject to final readiness, we plan to begin onboarding select users into the indices (starting with TM100) through a controlled early-access rollout.
November 30, 2025
We will shut down both the Analytics platform and the API endpoints. After this date, all routes will redirect to our indices experience and the Help Center.
Your Compensation Options: Choose What Works Best for You
Because you've supported Token Metrics with your subscription, we want to reward your loyalty with high-value choices. We're offering three options, each designed for different goals:
Option 1: Convert to Indices Credits (3x Value)
Receive 3x the value of your unused subscription as credits toward future indices management fees. This grants you:
- Priority access to TM100
- White-glove onboarding when the exclusive index opens
- The best value for continuing your journey with Token Metrics
This is our recommended option for those who want to stay closest to our future developments and plan to utilize our indices. If you've supported Token Metrics from the very beginning and believe in where we're headed, we strongly encourage this path.
Learn more:
- Indices Demo (40 seconds)
- Indices Deep Dive Webinar (30 minutes)
Option 2: Receive TMAI Airdrop (1.5x Value)
Receive 1.5x the value of your unused subscription in TMAI tokens.
Note: To ensure market stability, these tokens will be subject to a daily vesting schedule over 30 days.
Option 3: Request a Pro-Rata Refund (1:1 Value)
Request a standard 1:1 pro-rated refund of the unused portion of your subscription back to your original payment method.
Note: Please allow up to 60 days for refund processing.
⚠️ Action Required
Select Your Option Here
You must submit this form by November 27, 2025. Requests received after this date may not be processed due to the platform shutdown.
What This Means for Our Community
For Customers and Developers
This pivot is about clarity and focus. Instead of spreading our energy across analytics dashboards and API maintenance, we will deliver one core product: a non-custodial, rules-based index that lets you invest in the crypto market with a single token.
For Investors
This is a strategic re-alignment around the part of the business with the most long-term value. We see greater opportunity in being an index engine and distribution platform than in competing as yet another analytics surface.
For Astrobot Holders
Upon the launch of the Indices, a snapshot taken today confirms your eligibility for an airdrop of permanently staked veTMAI. This converts your current plan to the equivalent staking score level within the new Indices structure. The received veTMAI can then be utilized to benefit from discounted trading fees and a share of the platform's revenue.
For TMAI Token Holders
This is not a step away from you. As we build TM100 and related indices, we intend to maintain and, where possible, enhance the ways TMAI connects to our products. Our priority is to get the index experience live, simple, and trustworthy. Once that foundation is solid, we'll share more details on how the token and indices fit together.
Impact on Our Team
Due to this change, we are becoming a smaller, leaner company. This has required difficult decisions about team structure, but we believe this focused approach will allow us to deliver exceptional value in our chosen domain.
What to Expect Next
- Confirmation: Once you submit your compensation choice, you'll receive a confirmation email
- Reminders: You'll see in-app notices about the November 30 shutdown and November 27 deadline
- Launch Updates: Information about TM100 early access and how to participate as indices onboarding begins around Black Friday
Our Commitment to You
To our customers, API users, investors, and token holders: thank you for your support through multiple market cycles. You've trusted our Ratings, engaged with our research, and participated in our community. This decision honors that history while pointing toward a simpler, more durable product that aligns with where crypto is heading.
By narrowing our focus now, we can build something that deserves your trust for many years to come.
Questions? Reply to our announcement email or contact us at support@tokenmetrics.com. We will read every message and do our best to assist you.
With appreciation,
Ian Balina
Founder and CEO
Token Metrics
Don't forget: Select your compensation option before November 27, 2025
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Recent Posts

Top RWA Tokenization Platforms (2025)
Who this guide is for. Teams and investors evaluating RWA tokenization platforms—issuers and infrastructure bringing Treasuries, funds, real estate, and other off-chain assets on-chain—across access tiers (retail, accredited, QP) and regions.
Top three picks.
- Securitize — institutional rails (transfer agent/broker-dealer) behind flagship tokenized funds.
- Ondo Finance — tokenized Treasuries and cash-equivalents with clear docs and eligibility flows.
- Franklin Templeton (Benji) — on-chain registered money market fund access for U.S. investors.
One caveat. Fees, eligibility (U.S., EU, APAC), and redemption workflows vary widely—always verify your region and investor status on the official product page before transacting. (Securitize)
Introduction
RWA tokenization platforms issue or enable compliant, on-chain representations of real-world assets such as U.S. Treasuries, money market funds, public securities, real estate, and gold. In 2025, the category matters because it brings 24/7 settlement, composability, and transparent audit rails to traditionally siloed markets—while preserving regulatory guardrails like KYC/AML and transfer restrictions. The primary keyword “RWA tokenization platforms” captures commercial-investigational intent: who issues what, on which chains, in which regions, with what fees and controls.
Definition (snippet-ready): An RWA tokenization platform is an issuer or infrastructure provider that brings off-chain assets on-chain under documented legal, custody, and compliance frameworks, with mint/redeem and transfer controls stated in official materials.
How We Picked (Methodology & Scoring)
We scored each platform using official product, docs, pricing, security/licensing, and status pages (and cross-checked volumes with market datasets when needed). We prioritized current availability and clear disclosures.
Scoring weights (sum = 100):
- Liquidity — 30%: scale, mint/redeem pathways, composability.
- Security — 25%: audits, custodians, transfer agent/broker-dealer status, disclosures.
- Coverage — 15%: asset types (T-bills, funds, gold, stocks, real estate), chains.
- Costs — 15%: stated fees and expense ratios; network fees.
- UX — 10%: onboarding, docs, transparency dashboards.
- Support — 5%: regions, KYC help, contact channels.
Freshness: Last updated November 2025.
Best RWA tokenization platforms in November 2025 (Comparison Table)

Top 10 RWA tokenization platforms in November 2025
1. Securitize — Best for institutional-grade tokenized funds
Why Use It. Securitize provides regulated rails (transfer agent/broker-dealer) behind marquee tokenized funds like BlackRock’s BUIDL, with investor onboarding, cap-table/TA services, and compliant transfer controls for secondary liquidity where permitted. (Securitize)
Best For. Asset managers, QP/Accredited investors, enterprises wanting full-stack issuance and servicing.
Notable Features. Transfer agent role; broker-dealer marketplace; issuer/investor portals; compliance & reporting. (digitize.securitize.io)
Consider If. You need institutional governance and regulated distribution rather than retail-first access.
Fees Notes. Fund expense ratios and issuer/platform fees vary by offering.
Regions. Global, with per-offering eligibility and disclosures.
Alternatives. WisdomTree Prime; Ondo Finance.
2. Ondo Finance — Best for diversified tokenized Treasuries & cash-equivalents
Why Use It. OUSG gives QPs exposure to short-term Treasuries/money market funds; USDY offers a tokenized note with cash-equivalent backing, with clear eligibility and 24/7 mint/redeem mechanics documented. (Ondo Finance)
Best For. DAOs and treasuries, QPs, non-U.S. entities seeking on-chain cash management.
Notable Features. USDY/ONS products; rTokens (rebasing); detailed fees/tax sections; multi-chain support. (docs.ondo.finance)
Consider If. U.S. persons generally restricted for USDY; confirm status before onboarding. (Ondo Finance)
Fees Notes. Management/operational fees per product docs; plus network fees. (docs.ondo.finance)
Regions. Global with restrictions (e.g., no USDY for U.S. persons). (Ondo Finance)
Alternatives. Superstate; OpenEden.
3. Franklin Templeton — Benji — Best for U.S. on-chain money market access
Why Use It. The Franklin OnChain U.S. Government Money Fund (FOBXX) is a registered fund whose shares are represented on-chain (BENJI), allowing U.S. investors to access a money market fund with blockchain-based recordkeeping. (digitalassets.franklintempleton.com)
Best For. U.S. treasurers and advisors needing a regulated on-chain cash vehicle.
Notable Features. US-registered fund; Stellar/Polygon rails; Benji contracts/app. (digitalassets.franklintempleton.com)
Consider If. Access is via Franklin’s app; availability and eligibility are U.S.-focused. (digitalassets.franklintempleton.com)
Fees Notes. Standard money market fund expense ratio; see fund page. (franklintempleton.com)
Regions. U.S. investors (see Benji). (digitalassets.franklintempleton.com)
Alternatives. WisdomTree Prime; Securitize-hosted offerings.
4. Superstate (USTB) — Best for U.S. Qualified Purchasers
Why Use It. USTB offers U.S. Qualified Purchasers access to short-duration U.S. government securities through a tokenized fund on Ethereum, with institutional processes and NAV-based subscriptions/redemptions. (superstate.com)
Best For. U.S. QPs, fund treasurers, trading firms.
Notable Features. Ethereum issuance; QP onboarding; short-duration Treasury focus. (superstate.com)
Consider If. Available to QPs; verify accreditation and subscription steps. (superstate.com)
Fees Notes. Fund expenses apply; see official page. (superstate.com)
Regions. U.S. (Qualified Purchasers). (superstate.com)
Alternatives. Ondo OUSG; WisdomTree Prime funds.
5. Backed Finance — Best for tokenized trackers of public securities
Why Use It. Backed issues ERC-20 trackers like bIB01 (iShares $ Treasury 0-1yr UCITS ETF) with explicit regional restrictions and product pages that state legal structure and disclosures. (backed.fi)
Best For. Non-U.S. entities seeking tokenized ETF-style exposure with issuer support.
Notable Features. Tokenized trackers and AMCs; legal docs; chain integrations. (backed.fi)
Consider If. Not available to U.S. persons; restricted countries listed. (assets.backed.fi)
Fees Notes. Issuer/admin fees per product; plus network fees. (backed.fi)
Regions. Non-U.S.; sanctions list enforced. (assets.backed.fi)
Alternatives. Swarm; Matrixdock STBT.
6. Matrixdock — Best for T-bills and gold under one issuer
Why Use It. STBT provides short-term U.S. Treasury exposure with a 1:1 USD peg and daily rebasing, while XAUm tokenizes LBMA-grade physical gold—both under a clear issuer framework. (matrixdock.com)
Best For. Treasury management with optional gold allocation on the same rails.
Notable Features. STBT daily rebase; peg policy; gold custodial disclosures. (matrixdock.com)
Consider If. Whitelisting/eligibility apply; confirm region and KYC. (matrixdock.com)
Fees Notes. Issuer fees per product pages; network fees. (matrixdock.com)
Regions. Global with eligibility controls. (matrixdock.com)
Alternatives. OpenEden; Ondo OUSG.
7. OpenEden — Best for professional-grade tokenized T-bills
Why Use It. TBILL is structured as a regulated Professional Fund (BVI) with a 24/7 smart-contract vault for mint/redeem and a transparency dashboard, targeting professional investors. (openeden.com)
Best For. Professional/offshore funds and DAOs requiring programmatic access.
Notable Features. BVI Professional Fund status; real-time transparency; vault UI. (openeden.com)
Consider If. Professional-investor eligibility required; check docs before onboarding. (openeden.com)
Fees Notes. Fund and platform fees; plus network fees. (openeden.com)
Regions. BVI-regulated; cross-border access subject to status. (openeden.com)
Alternatives. Matrixdock; Ondo.
8. Maple Finance — Cash Management — Best for non-U.S. accredited entities seeking T-bill yield
Why Use It. Maple’s Cash Management provides non-U.S. accredited participants on-chain access to T-bill and repo yields, with updates enabling immediate servicing when liquidity is available and next-day withdrawals operationally. (maple.finance)
Best For. Non-U.S. corporates, DAOs, and funds optimizing idle stablecoin cash.
Notable Features. Fast onboarding; immediate interest accrual; no lock-up; institutional borrower SPV. (maple.finance)
Consider If. U.S. investors are excluded; confirm accreditation and entity status. (maple.finance)
Fees Notes. Management/operational fees netted from yield; network fees. (maple.finance)
Regions. Non-U.S. accredited/entities. (maple.finance)
Alternatives. OpenEden; Ondo.
9. WisdomTree Prime (Digital Funds) — Best for app-native tokenized fund access in the U.S.
Why Use It. The Prime app offers tokenized digital funds—including Short-Term Treasury—purchased and held in-app, bringing tokenized funds to retail U.S. users under an SEC-registered umbrella. (WisdomTree Prime)
Best For. U.S. retail/in-app users seeking tokenized fixed income and equity funds.
Notable Features. In-app buy/sell; multiple Treasury maturities; composability paths emerging. (WisdomTree Prime)
Consider If. App-only access; availability subject to U.S. coverage and disclosures. (WisdomTree Prime)
Fees Notes. Fund expense ratios; standard network fees for on-chain interactions. (wisdomtree.com)
Regions. U.S. (Prime app). (WisdomTree Prime)
Alternatives. Franklin Benji; Securitize.
10. Swarm — Best for compliant on-chain trading of tokenized T-bill ETFs and equities
Why Use It. Swarm enables compliant, on-chain access to tokenized U.S. Treasury ETFs, public stocks, and gold, with KYC’d access and DeFi-compatible rails documented in its platform materials and docs. (swarm.com)
Best For. EU-led users, crypto funds, and builders needing tokenized public market exposure.
Notable Features. dOTC protocol; product pages for T-bill ETFs; documented KYC/flows. (swarm.com)
Consider If. Regional and KYC requirements apply; yields are variable per underlying ETF. (swarm.com)
Fees Notes. Platform/product fees; network fees. (swarm.com)
Regions. EU/Global with KYC. (swarm.com)
Alternatives. Backed Finance; Ondo.
Decision Guide: Best By Use Case
- Regulated U.S. access (retail): Franklin Benji, WisdomTree Prime. (digitalassets.franklintempleton.com)
- U.S. Qualified Purchasers: Superstate USTB, Ondo OUSG. (superstate.com)
- Non-U.S. accredited entities: Maple Cash Management, Backed Finance. (maple.finance)
- Always-on T-bill vault with pro fund wrapper: OpenEden TBILL. (openeden.com)
- Treasuries + gold under one roof: Matrixdock (STBT, XAUm). (matrixdock.com)
- Tokenized public stocks & bond ETFs in DeFi: Swarm, Backed Finance. (swarm.com)
- Issuer/infrastructure for enterprises: Securitize (transfer agent + BD). (digitize.securitize.io)
How to Choose the Right RWA Tokenization Platform (Checklist)
- Region eligibility (U.S./EU/APAC and investor status: retail, accredited, QP) is clearly stated.
- Asset coverage matches mandate (T-bills, money market funds, ETFs, gold, real estate).
- Mint/redeem mechanics and settlement windows are documented.
- Fees: expense ratios, issuer fees, spreads, on-chain network costs are explicit.
- Security posture: custodians, audits, transfer agent/broker-dealer status, disclosures.
- Transparency: NAV, holdings, attestation or daily rebasing and dashboards.
- Chain support: EVM/L2s/other; composability needs.
- Support & docs: onboarding, KYC, status pages.
Red flags: vague eligibility, missing fee tables, no custody/disclosure detail.
Use Token Metrics With Any Category
- AI Ratings to screen assets tied to each platform’s tokens.
- Narrative Detection to spot early RWA flows across chains.
- Portfolio Optimization to size cash-equivalents vs. risk assets.
- Alerts & Signals to time rotations into yield-bearing RWAs.
CTA — Indices Focus: Prefer diversified exposure? Explore Token Metrics Indices.
Security & Compliance Tips
- Transact only via official portals/URLs and verified contracts listed in docs. (digitalassets.franklintempleton.com)
- Confirm eligibility (U.S./non-U.S., accredited/QP) and sanctioned-country restrictions before minting. (assets.backed.fi)
- Review custody and role separation (issuer, TA, broker-dealer) and audit reports where available. (digitize.securitize.io)
- Understand redemption windows, rebase mechanics, and NAV policies. (matrixdock.com)
- Track fund expenses and on-chain network fees; they impact net yield. (franklintempleton.com)
- Bookmark status/docs pages for incident updates and parameter changes.
This article is for research/education, not financial advice.
Beginner Mistakes to Avoid
- Treating all RWA tokens as “stablecoins”—yields, risks, and redemption rights differ.
- Ignoring eligibility rules, then getting stuck at redemption.
- Skipping issuer docs and relying only on dashboards.
- Assuming 1:1 liquidity at all times without reading fund/issuer terms.
- Mixing retail wallets with institutional KYC accounts without a plan.
- Overlooking chain/bridge risks when moving RWA tokens across L2s.
How We Picked (Methodology & Scoring)
We built an initial universe (~20 issuers/infrastructure) and selected 10 based on the SCORING_WEIGHTS above. We verified asset coverage, eligibility, fees, redemption, and regions on official pages only (listed below). Third-party datasets were used for cross-checks but are not linked.
FAQs
What are RWA tokenization platforms?
Issuers or infrastructure that bring real-world assets (like Treasuries, funds, gold, or equities) on-chain under a legal/compliance framework, with stated mint/redeem processes and transfer rules. See each official page for specifics. (Securitize)
Are they safe for retail?
Some are U.S. retail-friendly (e.g., Franklin Benji, WisdomTree Prime), while others are restricted to accredited investors, QPs, or non-U.S. persons. Always check the eligibility page before onboarding. (digitalassets.franklintempleton.com)
What fees should I expect?
Expect fund expense ratios or issuer/admin fees plus on-chain network fees. Some products rebase yield; others adjust NAV. Review each product’s fees section. (docs.ondo.finance)
Where are these tokens available?
Most run on Ethereum or compatible L2s, with some on Stellar/Polygon via app rails. Regions vary (U.S., EU, offshore professional). (digitalassets.franklintempleton.com)
Can I redeem 24/7?
Many have 24/7 mint/redeem requests; actual settlement follows fund terms, banking hours, and liquidity windows. Check each product’s redemption section. (app.openeden.com)
Conclusion + Related Reads
If you want institutional rails and broad issuer support, start with Securitize. For T-bill exposure with clear docs, consider Ondo or Superstate (QP). U.S. retail can explore Franklin Benji or WisdomTree Prime. Diversifiers can add Matrixdock (Treasuries + gold) or OpenEden (pro fund vault). Builders needing tokenized equities/ETFs should evaluate Swarm and Backed.
Related Reads (Token Metrics):

Best Liquid Restaking Tokens & Aggregators (2025)
Who this guide is for. Investors and builders comparing best liquid restaking tokens (LRTs) and aggregators to earn ETH staking + restaking rewards with on-chain liquidity.
Top three picks.
- ether.fi (eETH/weETH): Non-custodial, deep integrations, clear docs. (ether.fi)
- Renzo (ezETH): Multi-stack (EigenLayer + Symbiotic/Jito), transparent 10% rewards fee. (docs.renzoprotocol.com)
- Kelp DAO (rsETH): Broad DeFi reach; explicit fee policy for direct ETH deposits. (kelp.gitbook.io)
One key caveat. Fees, redemption paths, and regional access vary by protocol—check official docs and terms before depositing.
Introduction
Liquid restaking lets you restake staked assets (most often ETH) to secure Actively Validated Services (AVSs) while receiving a liquid restaking token you can use across DeFi. The value prop in 2025: stack base staking yield + restaking rewards, with composability for lending, LPing, and hedging. In this commercial-investigational guide, we compare the best liquid restaking tokens and the top aggregators that route deposits across operators/AVSs, with an emphasis on verifiable fees, security posture, and redemption flow. We weigh scale and liquidity against risk controls and documentation quality to help you pick a fit for your region, risk tolerance, and toolstack.
How We Picked (Methodology & Scoring)
- Liquidity — 30%: On-chain depth, integrations, and redemption mechanics.
- Security — 25%: Audits, docs, risk disclosures, validator design.
- Coverage — 15%: AVS breadth, multi-stack support (EigenLayer/Symbiotic/Jito), asset options.
- Costs — 15%: Transparent fee schedules and user economics.
- UX — 10%: Clarity of flows, dashboards, and docs.
- Support — 5%: Status pages, help docs, comms.
Evidence sources: official websites, docs, pricing/fees and security pages, and status/terms pages; third-party datasets used only to cross-check volumes. Last updated November 2025.
Best Liquid Restaking Tokens & Aggregators in November 2025 (Comparison Table)
* Regions are “Global” unless a provider geoblocks specific jurisdictions in their terms. Always verify eligibility in your country.
Top 10 Liquid Restaking Tokens & Aggregators in November 2025
1. ether.fi — Best for deep integrations & non-custodial design
Why use it: ether.fi’s eETH/weETH are widely integrated across DeFi, and the project publishes clear technical docs on protocol fees and validator design. Liquid Vaults add strategy optionality while keeping restaking accessible. (ether.fi)
Best for: DeFi power users, liquidity seekers, builders needing broad integrations.
Notable features: Non-custodial staking; restaking support; Liquid Vaults; documentation and terms around protocol fees. (etherfi.gitbook.io)
Fees Notes: Protocol fee on rewards; vault-level fees vary by strategy. (etherfi.gitbook.io)
Regions: Global*
Consider if: You want deep liquidity and docs; always review fee tables and redemption queues.
Alternatives: Renzo, Kelp DAO.
2. Renzo — Best for multi-stack coverage (EigenLayer + Symbiotic/Jito)
Why use it: Renzo’s ezETH is among the most recognizable LRTs and the docs clearly state a 10% rewards fee, while the app highlights support beyond EigenLayer (e.g., Symbiotic/Jito lines). Strong multichain UX. (docs.renzoprotocol.com)
Best for: Users wanting straightforward economics and chain-abstracted access.
Notable features: Clear fee policy (10% of restaking rewards); multi-stack support; app UX across chains. (docs.renzoprotocol.com)
Fees Notes: 10% of restaking rewards; details in docs. (docs.renzoprotocol.com)
Regions: Global*
Consider if: You prefer transparent fees and broader stack exposure.
Alternatives: ether.fi, Mellow.
3. Kelp DAO — Best for broad DeFi distribution (rsETH)
Why use it: Kelp emphasizes reach (rsETH used across many venues). Official docs state a 10% fee on rewards for direct ETH deposits, with no fee on LST deposits, making it friendly to LST holders. (kelpdao.xyz)
Best for: LST holders, LPs, and integrators.
Notable features: rsETH liquid token; LST and ETH deposit routes; active integrations. (kelpdao.xyz)
Fees Notes: 10% on ETH-deposit rewards; no fee on LST deposits per docs. (kelp.gitbook.io)
Regions: Global*
Consider if: You want flexibility between ETH and LST deposit paths.
Alternatives: Renzo, Swell.
4. Puffer — Best for redemption optionality (pufETH)
Why use it: Puffer’s docs explain how AVS fees accrue to pufETH and outline operator/guardian roles. Public risk work notes an “immediate redemption” option with a fee when liquidity is available, plus queued exit. (docs.puffer.fi)
Best for: Users wanting explicit redemption choices and a technical spec.
Notable features: pufETH nLRT; operator/guardian model; based L2 plans. (Puffer: Building the Future of Ethereum)
Fees Notes: AVS/operator fees accrue; immediate redemption may incur a fee. (docs.puffer.fi)
Regions: Global*
Consider if: You value documented mechanics and redemption flexibility.
Alternatives: ether.fi, Bedrock.
5. Swell — Best for restaking-native ecosystem (rswETH)
Why use it: Swell’s rswETH is their native LRT for EigenLayer; launch comms detailed fee-holiday parameters and security posture. Swellchain materials emphasize restaking-first ecosystem tooling. (swellnetwork.io)
Best for: DeFi users who want a restaking-centric stack.
Notable features: rswETH; ecosystem focus; audits referenced in launch post. (swellnetwork.io)
Fees Notes: Historical launch promo; check current fee schedule in app/docs. (swellnetwork.io)
Regions: Global*
Consider if: You want an LRT aligned with a restaking-native L2 vision.
Alternatives: Kelp DAO, Renzo.
6. Bedrock — Best for institutional-grade infra (uniETH)
Why use it: Bedrock’s uniETH is a non-rebasing, value-accrual LRT with a published fee policy (10% on block/MEV rewards) and EigenLayer alignment. Docs are explicit about token mechanics. (docs.bedrock.technology)
Best for: Institutions and users who prefer clear token economics.
Notable features: uniETH; docs and audits repository; multi-asset roadmap. (docs.bedrock.technology)
Fees Notes: 10% commission on block/MEV rewards; restaking commission TBD via governance. (docs.bedrock.technology)
Regions: Global*
Consider if: You want explicit fee language and non-rebasing accounting.
Alternatives: Puffer, ether.fi.
7. YieldNest — Best for curated basket exposure (ynETH)
Why use it: Docs describe ynETH as an nLRT with a curated basket of AVS categories, plus a protocol model where a fee is taken from staking/restaking rewards. MAX vaults and DAO governance are outlined. (docs.yieldnest.finance)
Best for: Users who want diversified AVS exposure through one token.
Notable features: ynETH; MAX vaults (ynETHx); governance/fee transparency. (docs.yieldnest.finance)
Fees Notes: Protocol fee on staking/restaking rewards per docs. (docs.yieldnest.finance)
Regions: Global*
Consider if: You prefer basket-style AVS diversification.
Alternatives: Mellow, Renzo.
8. Mellow Protocol — Best for strategy vaults with explicit fees (strETH)
Why use it: Mellow provides strategy vaults for restaking with clear fee terms: 1% platform + 10% performance baked into vault accounting, and visible TVL. (mellow.finance)
Best for: Users who want managed strategies with transparent fee splits.
Notable features: Curated strategy vaults; institutional risk curators; TVL transparency. (mellow.finance)
Fees Notes: 1% platform fee (pro-rated) + 10% performance fee. (docs.mellow.finance)
Regions: Global*
Consider if: You value explicit, vault-level fee logic.
Alternatives: YieldNest, InceptionLRT.
9. InceptionLRT — Best for native + LST restaking routes
Why use it: Inception exposes native ETH and LST restaking paths, with branded vault tokens (e.g., inETH) and Symbiotic integrations for certain routes. Site and app pages outline flows. (inceptionlrt.com)
Best for: Users wanting both native and LST restake options from one dashboard.
Notable features: Native ETH restake; LST restake; app-based delegation flows. (inceptionlrt.com)
Fees Notes: Fees vary by vault/route; review app/docs before deposit. (inceptionlrt.com)
Regions: Global*
Consider if: You want flexible inputs (ETH or LST) with aggregator UX.
Alternatives: Mellow, YieldNest.
10. Restake Finance — Best for modular LRT approach (rstETH)
Why use it: Project messaging emphasizes a modular liquid restaking design focused on EigenLayer with rstETH as its token. Governance-driven roadmap and LRT utility are core themes. (MEXC)
Best for: Early adopters exploring modular LRT architectures.
Notable features: rstETH LRT; DAO governance; EigenLayer focus. (MEXC)
Fees Notes: Fees/policies per official materials; review before use. (MEXC)
Regions: Global*
Consider if: You want a DAO-led modular LRT approach.
Alternatives: Renzo, Bedrock.
Decision Guide: Best By Use Case
- Deep integrations & liquidity: ether.fi, Renzo. (ether.fi)
- Most transparent fee schedule: Renzo (10% rewards fee), Mellow (1% + 10%). (docs.renzoprotocol.com)
- LST holders (no fee on LST deposits): Kelp DAO. (kelp.gitbook.io)
- Redemption flexibility (instant option + queue): Puffer. (LlamaRisk)
- Restaking-native ecosystem bet: Swell (rswETH/Swellchain). (swellnetwork.io)
- Institutional docs & non-rebasing accounting: Bedrock (uniETH). (docs.bedrock.technology)
- Basket-style AVS exposure: YieldNest (ynETH). (docs.yieldnest.finance)
- Strategy vaults with explicit fees: Mellow. (docs.mellow.finance)
- Native + LST aggregator UX: InceptionLRT. (inceptionlrt.com)
- Modular LRT exploration: Restake Finance. (MEXC)
How to Choose the Right Liquid Restaking Token (Checklist)
- Region eligibility: Confirm geoblocks/terms for your country.
- Asset coverage: ETH only or multi-asset; LST deposits supported.
- Fee transparency: Rewards/performance/platform fees clearly stated.
- Redemption path: Immediate exit fee vs. queue, and typical timing.
- Security posture: Audits, docs, risk disclosures, operator set.
- Integrations: Lending/DEX/LP venues for liquidity management.
- Stack choice: EigenLayer only or Symbiotic/Jito as well.
- UX/docs: Clear FAQs, step-by-step flows, status/terms.
- Support: Help center or community channels with updates.
Red flags: Opaque fee language; no docs on withdrawals; no audits or terms.
Use Token Metrics With Any LRT
- AI Ratings to screen assets and venues by quality and momentum.
- Narrative Detection to catch early shifts in restaking themes.
- Portfolio Optimization to balance exposure across LRTs vs. LSTs.
- Alerts & Signals to time rebalances and exits.
Workflow: Research → Select provider → Execute on-chain → Monitor with alerts.
Prefer diversified exposure? Explore Token Metrics Indices.
Security & Compliance Tips
- Use verified URLs and signed fronts; bookmark dApps.
- Understand redemption mechanics (instant vs. queue) and fees. (LlamaRisk)
- Read fee pages before deposit; some charge on rewards, others on performance/platform. (docs.renzoprotocol.com)
- Review audits/risk docs where available; check operator design.
- If LPing LRT/ETH, monitor depeg risk and oracle choice.
- Avoid approvals you don’t need; regularly revoke stale allowances.
- Confirm region eligibility and tax implications.
This article is for research/education, not financial advice.
Beginner Mistakes to Avoid
- Treating LRTs like 1:1 ETH with zero risk.
- Ignoring withdrawal queues and exit windows.
- Chasing points/boosts without reading fee docs.
- LPing volatile LRT pairs without hedge.
- Overconcentrating in one operator/AVS route.
- Skipping protocol terms or assuming U.S. access by default.
How We Picked (Methodology & Scoring)
We scored each provider using the weights above, focusing on official fee pages, docs, and security materials. We shortlisted ~20 projects and selected 10 with the strongest mix of liquidity, disclosures, and fit for this category. Freshness verified November 2025 via official resources.
FAQs
What is a liquid restaking token (LRT)?
An LRT is a liquid receipt for restaked assets (usually ETH) that accrues base staking plus AVS restaking rewards and can be used across DeFi.
Are LRTs safe?
They carry smart-contract, operator, and AVS risks in addition to staking risks. Read audits, fee pages, and redemption docs before depositing.
What fees should I expect?
Common models include a percent of rewards (e.g., 10% at Renzo) or platform + performance fees (e.g., 1% + 10% at Mellow). Always check the latest official docs. (docs.renzoprotocol.com)
What’s the difference between EigenLayer vs. Symbiotic/Jito routes?
They’re different restaking stacks and AVS ecosystems. Some providers support multiple stacks to diversify coverage. (docs.renzoprotocol.com)
How do redemptions work?
Most use queued exits; some offer instant liquidity with a fee when available (e.g., Puffer). Review the protocol’s redemption section. (LlamaRisk)
Can U.S. users access these protocols?
Terms vary by protocol and may change. Always check the provider’s website and terms for your jurisdiction.
Conclusion + Related Reads
If you want liquidity + integrations, start with ether.fi or Renzo. Prefer explicit fee logic in a managed strategy? Look at Mellow. Want basket exposure? Consider YieldNest. For redemption flexibility, Puffer stands out. Match the fee model, stack coverage, and redemption flow to your risk and liquidity needs.
Related Reads:

Top AMM Concentrated Crypto Liquidity Managers (2025)
Who this guide is for: DeFi liquidity providers seeking automated management of concentrated liquidity positions on AMMs like Uniswap v3, v4, and other CLAMMs (Concentrated Liquidity Automated Market Makers).
Top three picks:
- Gamma Strategies — Best for multi-chain automated vault strategies with proven track record
- Arrakis Finance — Best for institutional-grade liquidity management and token launch support
- Steer Protocol — Best for off-chain compute and cross-chain strategy deployment
Key caveat: Concentrated liquidity managers cannot eliminate impermanent loss; they optimize range management to maximize fee generation, but market volatility can still result in divergence loss. Always verify supported chains and fee structures before depositing.
Introduction: Why AMM Concentrated Liquidity Managers Matter in November 2025
Concentrated liquidity has transformed DeFi capital efficiency since Uniswap v3's 2021 launch, allowing liquidity providers to concentrate capital within specific price ranges for higher fee generation. However, managing these positions requires active monitoring, frequent rebalancing, and sophisticated strategies to remain in-range and profitable—a challenge for most LPs.
AMM concentrated liquidity managers are protocols that automate the complex task of managing concentrated liquidity positions across decentralized exchanges. These platforms use algorithmic strategies to rebalance ranges, compound fees, and optimize capital deployment, transforming concentrated liquidity from an active management burden into a passive income opportunity.
With Uniswap v4's January 2025 launch introducing hooks and new customization capabilities, the concentrated liquidity management landscape has expanded dramatically. LPs now need solutions that can navigate multiple AMMs, chains, and strategy types while maximizing returns and minimizing risks like impermanent loss and out-of-range periods.
This guide evaluates the leading concentrated liquidity managers serving retail LPs, DAOs, and protocols in 2025, helping you select platforms that align with your risk tolerance, capital requirements, and yield objectives.
How We Picked (Methodology & Scoring)
We evaluated 20+ concentrated liquidity management platforms and selected the top 10 based on weighted criteria:
- Liquidity Under Management — 30%: Total value locked (TVL) and managed positions across chains
- Security & Track Record — 25%: Audit history, operational history, security incidents
- Strategy Diversity — 15%: Range of automated strategies and customization options
- Chain & Protocol Coverage — 15%: Supported blockchains and DEX integrations
- Fees & Transparency — 10%: Performance fees, withdrawal fees, and cost clarity
- UX & Accessibility — 5%: Interface quality, documentation, and ease of use
Data sources: Official protocol documentation, pricing pages, security audit reports, blockchain explorers, and TVL data from DefiLlama (cross-checked only; not linked in article body).
Last updated: November 2025
Best AMM Concentrated Liquidity Managers in November 2025 (Comparison Table)

Top 10 AMM Concentrated Liquidity Managers in November 2025
1. Gamma Strategies — Best for Multi-Chain Automated Vaults
Why Use It
Gamma Strategies operates as the most established concentrated liquidity manager with over four years of production history since March 2021. Their Hypervisor vault system automatically rebalances positions, compounds fees, and manages ranges across 20+ blockchains and multiple AMM protocols. Gamma's non-custodial approach means LPs retain control while benefiting from algorithmic management that maximizes capital efficiency and fee generation.
Best For
- Multi-chain liquidity providers seeking diversified exposure
- DAOs and protocols requiring active liquidity management
- LPs wanting automated fee compounding without manual intervention
- Users preferring ERC-20 LP tokens over NFT positions
Notable Features
- Hypervisor smart contracts with automated rebalancing
- Supports dual-position and multi-position strategies (up to 20 positions on Uniswap v4)
- ERC-20 LP tokens for composability in DeFi
- Integration with major DEXs including Uniswap v3/v4, QuickSwap, Thena, Beamswap
- GAMMA token staking for fee-sharing
Consider If: Supported on 20+ chains but fee structures vary by pool; verify specific pool performance fees before depositing. Some pools charge 10-15% of generated fees.
Regions: Global; no geographic restrictions
Alternatives: Arrakis Finance, Steer Protocol

2. Arrakis Finance — Best for Institutional Liquidity Management
Why Use It
Arrakis Finance delivers MEV-aware onchain market making specifically designed for token issuers and institutional liquidity providers. Their Arrakis Pro service offers white-glove liquidity management with strategic templates including Bootstrap for TGE, Flagship for mature projects, and Treasury Diversification for passive accumulation. Arrakis has become the go-to solution for protocols like ether.fi, Euler, and Stargate seeking professional-grade liquidity infrastructure.
Best For
- Token launch teams needing TGE liquidity support
- Protocols managing protocol-owned liquidity (POL)
- Institutional LPs requiring custom strategy execution
- Projects seeking multi-DEX liquidity deployment
Notable Features
- Four strategy templates: Bootstrap, Flagship, Treasury Diversification, Custom
- Multi-DEX support (Uniswap v3/v4, PancakeSwap v3, and others)
- MEV-aware rebalancing algorithms
- Modules for concentrated liquidity across chains
- Enterprise-grade support and customization
Consider If: Primarily targets institutional clients; retail LPs may find Arrakis V1 (older version) more accessible than Arrakis Pro. Performance fees vary and often involve revenue-sharing arrangements.
Fees Notes: Enterprise pricing; contact for specific fee structures
Regions: Global; primarily serves protocols and DAOs
Alternatives: Gamma Strategies, Steer Protocol

3. Steer Protocol — Best for Off-Chain Compute Strategies
Why Use It
Steer Protocol distinguishes itself through decentralized off-chain computation that enables sophisticated strategy execution without on-chain gas overhead. Supporting 17+ chains and over 90% of concentrated liquidity AMMs, Steer provides automated range management using strategies like Elastic Expansion (Bollinger Bands), Moving Volatility Channel (Keltner), and Static Stable for pegged assets. Their infrastructure powers liquidity automation for platforms like QuickSwap, Taiko, and Kinetic.
Best For
- LPs seeking advanced technical analysis-based strategies
- Cross-chain liquidity providers
- Projects requiring custom liquidity shapes and automation
- Users wanting minimal gas costs for strategy execution
Notable Features
- Off-chain compute protocol reducing on-chain execution costs
- Support for TypeScript, Rust, and Go strategy development
- Multiple strategy families: Static Stable, Classic Rebalance, Volatility Channel, Elastic Expansion
- Integration with 90%+ of CLAMMs
- White-label infrastructure for protocols
Consider If: Strategy complexity may require more sophisticated understanding; best for LPs comfortable with advanced AMM concepts.
Fees Notes: Varies by strategy and deployment; network fees apply
Regions: Global; no restrictions
Alternatives: DefiEdge, Gamma Strategies

4. ICHI — Best for Single-Sided Deposits
Why Use It
ICHI's Yield IQ vaults revolutionize concentrated liquidity provision by accepting single-token deposits, eliminating the need for LPs to hold both sides of a trading pair. Using algorithmic strategies that maintain an 80:20 ratio, ICHI enables users to earn concentrated liquidity fees while effectively holding a single asset. Their Angel Vaults create buy-side liquidity that supports price stability for project tokens.
Best For
- LPs wanting single-token exposure without impermanent loss on both sides
- Projects seeking buy-side liquidity support
- Long-term holders wanting to earn yield without selling tokens
- DAOs managing treasury diversification
Notable Features
- Single-sided liquidity deposits (Angel Vaults and HODL Vaults)
- Automated rebalancing with Chainlink Keepers
- 80:20 asset ratio maintenance
- Support for 15+ AMMs across 10+ networks
- Integration with concentrated liquidity incentive programs
Consider If: 80:20 rebalancing means you'll still experience some token ratio changes; not pure single-asset exposure. Best for those comfortable with managed rebalancing.
Fees Notes: Varies by vault; performance fees typically 5-10% of yields
Regions: Global; available on multiple L1s and L2s
Alternatives: DefiEdge, Gamma Strategies
5. Beefy Finance CLM — Best for Yield Optimizer Integration
Why Use It
Beefy's Concentrated Liquidity Manager (CLM) extends their proven auto-compounding infrastructure to concentrated liquidity pools, providing automated range management integrated with Beefy's broader yield optimization ecosystem. Their "Cow Token" system converts non-fungible CL positions into fungible ERC-20 tokens while maximizing capital utilization through strategies that keep positions in-range and fully active.
Best For
- Existing Beefy users expanding into concentrated liquidity
- LPs seeking integrated yield farming and CLM
- Multi-chain passive investors
- Users wanting fungible CL position tokens
Notable Features
- Integration with Beefy's yield optimizer ecosystem
- Supports 15+ chains including BSC, Arbitrum, Polygon, Base, Avalanche
- Narrow and wide range strategies
- ERC-20 "Cow Tokens" for fungible CL positions
- Automatic fee compounding
Consider If: 9.5% harvest fee is higher than some competitors; suitable for long-term holders where compounding benefits outweigh fees.
Fees Notes: 9.5% performance fee on harvest; 0.5% to strategist; variable harvest call fee
Regions: Global; multi-chain support
Alternatives: Gamma Strategies, A51 Finance
6. DefiEdge — Best for Strategy Marketplace
Why Use It
DefiEdge creates a permissionless layer over concentrated liquidity AMMs where strategy managers can deploy custom strategies supporting up to 20 price ranges and built-in limit orders. This marketplace approach allows LPs to select from community-created strategies or deploy their own, providing unprecedented flexibility in concentrated liquidity management.
Best For
- Advanced LPs wanting custom multi-range strategies
- Strategy managers seeking to monetize their expertise
- Users requiring limit order functionality
- Projects needing tailored liquidity deployment
Notable Features
- Support for up to 20 simultaneous price ranges
- Built-in limit order functionality
- Permissionless strategy creation marketplace
- Real-time position monitoring interface
- Automatic integration with incentive protocols like Merkl
Consider If: More complex than single-strategy platforms; requires evaluating individual strategy manager performance.
Fees Notes: Varies by strategy manager; typically 5-15% performance fees
Regions: Global; primarily Ethereum, Polygon, Optimism, Arbitrum
Alternatives: A51 Finance, Gamma Strategies
7. Bunni — Best for Uniswap v4 Innovation
Why Use It
Bunni emerged as the leading Uniswap v4 hook implementation, using programmable Liquidity Density Functions (LDFs) to create custom liquidity shapes within concentrated ranges. Their Shapeshifting feature dynamically adjusts positions, while MEV protection through am-AMM auctions and Surge Fees recaptures value that would otherwise go to arbitrageurs. Bunni also rehypothecates idle capital to Aave and Yearn for additional yield.
Best For
- Early adopters of Uniswap v4 infrastructure
- LPs seeking MEV-protected concentrated liquidity
- Advanced users wanting programmable liquidity shapes
- Projects requiring dynamic fee structures
Notable Features
- Liquidity Density Functions for custom liquidity distribution
- Shapeshifting for dynamic position adjustment
- MEV protection via am-AMM mechanism and dynamic fees
- Rehypothecation to Aave/Yearn for additional yield
- Auto-compounding of fees and rewards
Consider If: Currently Ethereum-focused with Uniswap v4; may expand to other chains. Newer platform compared to established players like Gamma.
Fees Notes: Dynamic fees based on volatility and strategy; typical range 5-20% of yields
Regions: Global; Ethereum mainnet
Alternatives: Gamma Strategies (Uniswap v4 support), Arrakis Finance
8. Revert Finance — Best for Analytics-First Management
Why Use It
Revert Finance combines powerful analytics tools with automated management features, enabling LPs to backtest strategies, analyze top-performing positions, and then deploy automation like Auto-Range (automatic rebalancing) and Auto-Exit (stop-loss protection). Their Initiator tool allows LPs to simulate historical performance before committing capital, making Revert ideal for data-driven liquidity providers.
Best For
- Analytical LPs wanting to backtest before deploying
- Users seeking automated stop-loss protection (Auto-Exit)
- LPs wanting to copy successful positions
- Investors prioritizing transparency and performance tracking
Notable Features
- Comprehensive analytics suite with backtesting
- Auto-Range for automated rebalancing
- Auto-Exit for stop-loss automation
- Position management tools (add/withdraw/claim)
- Top Positions discovery for copying successful strategies
Consider If: Automation features (Auto-Range/Exit) charge 0.25% per operation; may not trigger if gas costs exceed fees. Best for larger positions.
Fees Notes: 2% auto-compound fee; 0.25% per auto-operation (Range/Exit); 0.65% swap fee
Regions: Global; Ethereum, Polygon, Optimism, Arbitrum
Alternatives: Gamma Strategies, Steer Protocol
9. A51 Finance — Best for Strategy Customization
Why Use It
A51 Finance (formerly Unipilot) offers autonomous liquidity provisioning with highly customizable parameters including market modes (Bull, Bear, Dynamic, Static), rebasing strategies, and liquidity distribution patterns. Supporting Uniswap v3/v4 and expanding to StarkNet, A51 empowers LPs to design advanced strategies using hooks while addressing loss-versus-rebalancing (LVR) through sophisticated hedging mechanisms.
Best For
- Advanced LPs wanting full strategy customization
- Multi-chain liquidity providers (EVM + StarkNet)
- Users requiring market-mode specific strategies
- Projects needing flexible liquidity allocation
Notable Features
- Market mode selection: Bull, Bear, Dynamic, Static
- Customizable rebasing and exit preferences
- Multiple liquidity distribution options (exponential, flat, single-tick)
- Hedging through borrowing and options
- Support for Uniswap v4 hooks
Consider If: Complexity requires deeper understanding of concentrated liquidity mechanics; best for experienced LPs.
Fees Notes: Varies by strategy; typically performance-based
Regions: Global; EVM chains and StarkNet
Alternatives: DefiEdge, Steer Protocol
10. Mellow Protocol — Best for Institutional Vaults
Why Use It
Mellow Protocol provides infrastructure for institutional-grade vaults with sophisticated curator models where professional risk managers and funds deploy strategies on behalf of LPs. While their focus has shifted toward broader vault infrastructure, Mellow's ALM toolkit remains integrated with Aerodrome and Velodrome, offering optimized range management with automated reward harvesting on SuperChain DEXs.
Best For
- Institutional LPs seeking professional management
- Aerodrome and Velodrome liquidity providers
- Users wanting curator-managed strategies
- Projects requiring compliance-ready vault infrastructure
Notable Features
- Institutional-grade vault infrastructure
- Integration with Aerodrome/Velodrome on Base and Optimism
- Curator marketplace with professional risk management
- Automated reward harvesting and compounding
- Audited by ChainSecurity and BlockSec
Consider If: Less focused on pure CLM compared to dedicated platforms; best for users seeking broader DeFi yield strategies including staking and lending.
Fees Notes: Varies by curator and vault; typically 10-20% performance fees
Regions: Global; primarily Ethereum, Optimism, Base, Arbitrum
Alternatives: Arrakis Finance, Gamma Strategies
Decision Guide: Best By Use Case
- Best for Multi-Chain Coverage → Gamma Strategies, Steer Protocol
- Best for Token Launches (TGE) → Arrakis Finance, ICHI (Angel Vaults)
- Best for Single-Sided Deposits → ICHI
- Best for Lowest Management Fees → Revert Finance (for analytics + selective automation)
- Best for Uniswap v4 Hooks → Bunni, Gamma Strategies
- Best for Analytics & Backtesting → Revert Finance
- Best for Institutional Management → Arrakis Finance, Mellow Protocol
- Best for Strategy Customization → A51 Finance, DefiEdge
- Best for BSC & Multi-Chain Yield → Beefy Finance CLM
- Best for Aerodrome/Velodrome on SuperChain → Mellow Protocol, Steer Protocol
How to Choose the Right Concentrated Liquidity Manager (Checklist)
Before selecting a CLM platform, verify:
- ☑ Chain Compatibility — Confirm the platform supports your target blockchain and DEX
- ☑ Strategy Alignment — Match strategy types (narrow/wide range, stable pairs, volatile pairs) to your goals
- ☑ Fee Structure Transparency — Understand performance fees, harvest fees, and withdrawal costs
- ☑ Track Record & TVL — Check operational history, total value managed, and security incidents
- ☑ Audit Status — Verify smart contracts have been audited by reputable firms
- ☑ Token Pairs Supported — Confirm your desired liquidity pools are available
- ☑ Rebalancing Frequency — Understand how often positions are rebalanced and gas cost implications
- ☑ Exit Flexibility — Check withdrawal timeframes, fees, and liquidity availability
- ☑ Performance Metrics — Review historical APRs accounting for impermanent loss
- ☑ Composability Needs — If using LP tokens elsewhere, verify ERC-20 support vs. NFTs
Red Flags:
- 🚩 No audits or anonymous teams without established track record
- 🚩 Unclear fee structures or hidden withdrawal penalties
- 🚩 Very high performance fees (>20%) without justified value-add
- 🚩 Limited chain support if you need multi-chain exposure
Use Token Metrics With Any Concentrated Liquidity Manager
Token Metrics complements your concentrated liquidity strategy by providing:
AI Ratings — Screen tokens for quality and momentum before selecting trading pairs for liquidity provision
Narrative Detection — Identify emerging DeFi themes early to position liquidity in high-growth sectors
Portfolio Optimization — Balance concentrated liquidity positions across chains and risk profiles
Alerts & Signals — Time liquidity entries and exits based on technical and on-chain indicators

Workflow Example:
- Research → Use Token Metrics AI to identify high-quality token pairs
- Select CLM → Choose appropriate concentrated liquidity manager based on chain and strategy
- Deploy → Provide liquidity through automated vault or custom range
- Monitor → Track performance with Token Metrics alerts for rebalancing or exit signals
Start free trial to screen assets and optimize your concentrated liquidity strategy with AI-powered insights.

Security & Compliance Tips
Protect Your Concentrated Liquidity Positions:
- Verify Contract Addresses — Always confirm official contract addresses on protocol documentation before depositing; bookmark official sites
- Check Audit Reports — Review smart contract audits from firms like Consensys, ChainSecurity, Hydn, or BlockSec before using new platforms
- Start Small — Test new CLM platforms with modest capital before committing significant liquidity
- Monitor Phishing — Be wary of fake CLM interfaces; never share seed phrases or sign suspicious transactions
- Understand Permissions — Review what approvals you're granting; consider using revoke.cash to audit token approvals
- Track IL Exposure — Concentrated liquidity amplifies impermanent loss; monitor positions regularly and understand divergence loss implications
- Diversify CLM Providers — Don't concentrate all liquidity with a single manager; spread risk across multiple audited platforms
- Check Rebalancing Limits — Understand if CLMs have daily rebalancing limits or gas thresholds that might delay adjustments
- Verify Withdrawal Process — Test small withdrawals to ensure liquidity is accessible and fees match expectations
- Stay Informed — Follow CLM protocol announcements for security updates, parameter changes, or migration requirements
This article is for research and educational purposes only, not financial advice. Always conduct your own due diligence and consider consulting with financial advisors before providing liquidity.
Beginner Mistakes to Avoid
- Ignoring Impermanent Loss — CLMs optimize fee generation but cannot eliminate IL; highly volatile pairs will still result in divergence loss
- Chasing High APRs Without Context — Displayed APRs often exclude impermanent loss and may reflect short-term incentives, not sustainable yields
- Not Understanding Fee Structures — Performance fees compound over time; a 15% fee on yields can significantly impact long-term returns
- Depositing Without Strategy Alignment — Narrow ranges earn higher fees but require more active management; ensure strategy matches your risk tolerance
- Overlooking Gas Costs — Rebalancing and compounding operations cost gas; on Ethereum mainnet, frequent rebalancing may erode returns for small positions
- Assuming "Set and Forget" — While automated, CLM positions require periodic review; market regime changes may necessitate strategy adjustments
- Not Tracking Net Performance — Always calculate returns vs. simply holding tokens; CLM fees + IL may underperform holding in ranging markets
- Concentrating in Illiquid Pairs — Low-volume pairs may have insufficient fee generation to cover management costs and rebalancing slippage
FAQs
What is a concentrated liquidity manager?
A concentrated liquidity manager (CLM) is a DeFi protocol that automates the management of concentrated liquidity positions on AMMs like Uniswap v3. CLMs handle range selection, rebalancing, fee compounding, and position optimization, converting active liquidity provision into a passive strategy. They typically provide ERC-20 LP tokens representing managed positions, making them composable across DeFi.
Are concentrated liquidity managers safe?
Security varies by platform. Established CLMs like Gamma Strategies, Arrakis, and Steer have multiple audits and years of operational history without major exploits. However, smart contract risk always exists; never deposit more than you can afford to lose, and prioritize audited platforms with proven track records. Review audit reports and monitor protocol security updates.
What fees do concentrated liquidity managers charge?
Most CLMs charge performance fees ranging from 5-15% of generated yields. Some add harvest fees (like Beefy's 9.5%), automation fees (Revert's 0.25% per operation), or swap fees for rebalancing. Always review the specific fee structure before depositing, as fees compound over time and can significantly impact net returns.
Which chains support concentrated liquidity managers?
Major CLMs support Ethereum, Polygon, Arbitrum, Optimism, and Base. Gamma Strategies leads with 20+ chains including BSC, Avalanche, Fantom, and newer L2s. Steer Protocol supports 17+ chains with 90%+ CLAMM coverage. Always verify your target chain is supported before selecting a CLM platform.
Can I use concentrated liquidity managers on mobile?
Most CLMs offer web interfaces compatible with mobile wallets like MetaMask Mobile, Coinbase Wallet, or WalletConnect. However, complex features like strategy backtesting (Revert) or custom position building may be better suited for desktop. Core functions like depositing, withdrawing, and monitoring positions work well on mobile.
Do CLMs work with Uniswap v4?
Yes. Gamma Strategies, Bunni, and A51 Finance support Uniswap v4, which launched in January 2025. Bunni is the leading v4 hook implementation, offering advanced features like Liquidity Density Functions. Arrakis is also developing v4 modules. Expect more CLMs to add v4 support as the protocol matures.
How do CLMs handle impermanent loss?
CLMs cannot eliminate impermanent loss—they optimize range management to maximize fee generation that can offset IL. Some platforms (Bunni, ICHI) offer specific strategies to mitigate IL through MEV protection or single-sided deposits, but divergence loss remains inherent to providing liquidity in volatile pairs.
What's the difference between CLMs and regular yield optimizers?
Regular yield optimizers (like Beefy for Uniswap v2) auto-compound rewards from liquidity mining programs. CLMs specifically manage concentrated liquidity positions, handling range selection and rebalancing. Some platforms (Beefy CLM) combine both, offering concentrated liquidity management integrated with yield optimization.
Conclusion + Related Reads
Concentrated liquidity managers have matured into essential DeFi infrastructure, transforming active LP strategies into accessible passive income opportunities. For multi-chain diversification and proven track record, Gamma Strategies remains the industry standard. Token launch teams and protocols requiring institutional-grade management should consider Arrakis Finance, while those seeking cutting-edge Uniswap v4 features can explore Bunni. LPs prioritizing single-sided deposits will find ICHI most suitable, and analytics-focused investors should evaluate Revert Finance.
Remember that no CLM eliminates impermanent loss—they optimize for fee generation and capital efficiency. Always verify fee structures, audit status, and supported chains before deploying capital. Start with smaller positions to understand platform mechanics and performance before scaling up.
Related Reads:


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Token Metrics Media LLC is a regular publication of information, analysis, and commentary focused especially on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies.
Token Metrics Media LLC does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing investments; nor is Token Metrics Advisers LLC registered as an investment adviser or broker-dealer in any jurisdiction.
Information contained herein is not an offer or solicitation to buy, hold, or sell any security. The Token Metrics team has advised and invested in many blockchain companies. A complete list of their advisory roles and current holdings can be viewed here: https://tokenmetrics.com/disclosures.html/
Token Metrics Media LLC relies on information from various sources believed to be reliable, including clients and third parties, but cannot guarantee the accuracy and completeness of that information. Additionally, Token Metrics Media LLC does not provide tax advice, and investors are encouraged to consult with their personal tax advisors.
All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Ratings and price predictions are provided for informational and illustrative purposes, and may not reflect actual future performance.