Liquidity · Pools · GAMMA
Gamma is an active liquidity-management protocol that automates concentrated-liquidity positions (Uniswap V3, and other CLMMs) via non-custodial 'Hypervisor' vaults, rebalancing ranges to maximize fees.
Active liquidity management for concentrated AMMs.
GAMMA price
$0.0006
0.0% 24h
Latest data · 15 min delay
Automated, audited concentrated-liquidity strategies across many CLMM DEXes and chains — LPs deposit once and Gamma manages the range.
Non-custodial, automated rebalancing vaults that hold concentrated-liquidity positions on behalf of depositors. When a user deposits a token pair, a fungible ERC-20 LP token is minted representing fractional ownership of the position; the vault auto-rebalances price ranges, collects and reinvests fees across supported CLMM DEXes.
Off-chain-directed rebalancing logic that adjusts concentrated-liquidity ranges to track price. Gamma's Dynamic Range and Stable strategies are designed to reduce impermanent loss while maximizing fee capture for LPs.
Peripheral contracts that govern deposits into Hypervisor vaults, enforcing deposit ratios and price-change thresholds. Reviewed alongside Hypervisor.sol in Gamma's audits.
GAMMA is the governance and fee-share token. Staking GAMMA mints xGAMMA, a share token whose value accrues as a portion of vault fees accumulates in the staking pool. There is no lock-up on the base staking contract.
Beyond LP vaults, Gamma has expanded to a Uniswap V4 limit-order hook (decentralized limit orders via swap hooks) and perpetual trading vaults on Hyperliquid using momentum/financial-signal strategies.
100,000,000 GAMMA (fixed max supply; distributed GAMMA is bought on the open market and is non-inflationary)
Gamma docs - Tokenomics65,100,661 GAMMA circulating; ~39.96% staked as xGAMMA
Gamma docs - TokenomicsGAMMA stakers (xGAMMA) earn a share of fees across Gamma-managed vaults; at least ~10% of protocol revenue is directed to non-treasury stakers
Gamma docs - GAMMA Token / StakingHow Gamma maps onto established TradFi structures, and where it diverges.
Actively managed account / discretionary asset manager
Gamma
Like a managed account, Gamma takes deposited assets and actively repositions them (rebalancing concentrated-liquidity ranges) to optimize yield, charging a share of returns/fees rather than requiring the user to manage positions themselves.
TradFi analogue
Gamma is non-custodial and on-chain: users retain a redeemable ERC-20 claim on the underlying assets at all times, strategies execute via smart contracts, and there is no regulated custodian or discretionary manager holding client funds.
Gamma Strategies
Core development organization The organization that develops and maintains the Gamma protocol. Gamma emerged from a December 2021 re-organization / rebrand of Visor Finance, with GAMMA governance and fee-share token holders directing protocol changes.
Key milestones: launches, upgrades, exploits and governance events.
Visor Finance merges into / rebrands to Gamma
ExecutedFollowing security incidents at Visor Finance (including an ~$8.2M infinite-mint exploit in December 2021), the project re-organized as Gamma Strategies. GAMMA tokens were distributed to VISR, vVISR and tVISR holders based on a December 21, 2021 snapshot.
SourceConsenSys Diligence & Arbitrary Execution audits completed
ExecutedGamma completed a v2 overhaul of its liquidity-management contracts (Hypervisor.sol / UniProxy.sol), audited by ConsenSys Diligence and Arbitrary Execution, with auditors recommending timelocks and multisig governance for the heavily parameterized system.
SourceJanuary 2024 exploit and vault-deposit pause
ExecutedGamma suffered a flash-loan-driven exploit on certain LST/stablecoin vaults, paused public-vault deposits, and later published a position-safety framework in response.
SourceGamma is a non-custodial active liquidity-management protocol. Its Hypervisor vaults automatically manage and rebalance concentrated-liquidity (CLMM) positions across many DEXes and chains, so LPs can earn trading fees without manually re-ranging their positions.
A user deposits a token pair into a Hypervisor and receives a fungible ERC-20 LP token representing their share. The vault holds concentrated-liquidity positions, and Gamma's strategies rebalance the price ranges, collect fees, and reinvest them to compound returns.
Staking GAMMA mints xGAMMA, which represents a share of the staking pool. A portion of the fees generated across Gamma-managed vaults accumulates in that pool, so xGAMMA rises in value relative to GAMMA over time. The base staking contract has no lock-up.
Gamma supports a wide range of concentrated-liquidity DEXes including Uniswap V3/V4 and Algebra-based DEXes, deployed across many EVM networks such as Ethereum, Polygon, Optimism, Arbitrum, Base, and Moonbeam.
Yes. On January 4, 2024, an attacker used flash loans to exploit an overly permissive price-change threshold on certain LST and stablecoin vaults, minting excess LP tokens and draining funds. Estimates ranged from roughly $3.4M to $4.5M+. Gamma disabled public-vault deposits while keeping withdrawals open. Gamma is itself a rebrand of Visor Finance, which suffered an ~$8.2M infinite-mint exploit in December 2021.
