ICHIMicro-cap

ICHI receives a B- risk grade (31/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — proven concentrated liquidity management across multiple chains, but automated strategies can underperform during volatile markets and single-token deposits mask underlying LP exposure. ICHI is a liquidity management protocol that lets you deposit a single token into automated vaults that manage concentrated liquidity positions on Uniswap V3 and 15+ other AMMs across 10+ blockchains. With $18M in TVL, ICHI simplifies the complexity of concentrated liquidity provision by handling rebalancing and fee collection automatically.

The key risks identified for ICHI are: (1) Hidden impermanent loss: You deposit one token, but the vault creates a two-sided liquidity position. If the paired token moves significantly in price, you can lose value even though you only deposited one asset. (2) Automated strategy risk: The vault rebalancing algorithm decides when and how to adjust your position. During volatile markets, these algorithms can make suboptimal decisions that result in losses for all depositors. (3) Multi-chain surface area: ICHI operates across many blockchains, each with different security properties. A bug in the vault code could potentially be exploited on multiple chains simultaneously.

ICHI scores 31/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 5/20, Oracle Surface: 2/10, Documentation Gaps: 2/10, Track Record: 6/15, Scale Exposure: 3/10, Regulatory Risk: 2/10, Vitality Risk: 8/10. The highest risk area is Vitality Risk at 8/10.

Among 68 rated DeFi protocols on Hindenrank, ICHI ranks #22 by safety (lowest risk score = safest). Its 31/100 risk score and B- grade place it among the safer DeFi protocols.

ICHI scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.