Gamma
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.
Protocol TVL
—
Latest data · 15 min delay
Research
Components, facts, FAQ, timeline, and tokenomics in one place
Main components (5)
Hypervisor LP Vaults
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.
Active rebalancing strategies (Dynamic Range / Stable)
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.
UniProxy / deposit-proxy contracts
Peripheral contracts that govern deposits into Hypervisor vaults, enforcing deposit ratios and price-change thresholds. Reviewed alongside Hypervisor.sol in Gamma's audits.
GAMMA / xGAMMA staking
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.
Newer product lines (LimitOrder Hook, Perpetual Vaults)
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.
Differentiator
Automated, audited concentrated-liquidity strategies across many CLMM DEXes and chains — LPs deposit once and Gamma manages the range.
Organizational structure
Units & roles
- Core development organization
Gamma Strategies
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.
Similarity to traditional finance products
How Gamma maps onto established TradFi structures, and where it diverges.
| TradFi product | Similarity to Gamma | Key differences |
|---|---|---|
| Actively managed account / discretionary asset manager | 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. | 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. |