Arrakis Modular or ICHI: Which Fits Your Liquidity Needs?

Arrakis Modular is built for projects that want help establishing and managing onchain liquidity, rather than for people seeking a straightforward yield account. Its modular Meta Vault framework supports liquidity-management vaults, and Arrakis describes its market-making service as self-custodial. That makes the project’s strategy, vault permissions, and specific deployment central to your decision.

ICHI’s core product is more direct at the deposit level: you put one token into a vault, which deploys it into a concentrated-liquidity pool on Uniswap V3. The goal is to earn trading fees, but returns are variable and can be outweighed by price movements or strategy outcomes. In short, Arrakis emphasizes managed liquidity for token markets; ICHI emphasizes single-token vault access.

Neither publishes a general fee schedule, so you cannot compare their full costs from a standard public rate card. With Arrakis, ask for written terms covering management or performance fees, setup costs, minimum commitments, and who pays transaction or pool charges. The answer may depend on the commercial arrangement and the particular vault deployment.

ICHI says vault depositors can earn trading fees from the underlying pool, but those fees vary with trading activity and liquidity conditions. They are not a promised return, and ICHI does not publish a general schedule for deposits, withdrawals, or management charges. For either product, include network gas in your estimate and compare the proposed costs with the risks and expected purpose of the liquidity strategy.

Both projects describe their products as self-custodial or non-custodial, but that does not remove smart-contract risk or guarantee that you can avoid losses. Arrakis lists two audits; ICHI also lists two. Audit counts alone do not establish which contract versions were reviewed, what findings were made, or whether the contracts you would use match the audited versions.

Before committing funds, identify the exact vault and deployed contracts, check audit reports against those contracts, and understand who can change strategy settings and how withdrawals work. For ICHI, also account for concentrated-liquidity exposure: the value of your position can fall relative to simply holding the token, even if the vault earns trading fees. Neither option offers a guaranteed return or principal protection.

Arrakis is less likely to suit someone who wants to connect a wallet and make a simple retail deposit. Its focus is project-level market making, so you should expect to clarify your token market, strategy, commercial terms, permissions, and exact chain and pool deployment. Arrakis lists six chains, but that does not confirm every pool or strategy is live on each one.

ICHI’s single-token vault format may be easier to understand at the point of deposit, but availability is a significant check: its app indicators show no available vaults or supported networks. Although ICHI lists many networks, that list is not proof that a vault is accepting deposits on your chosen chain. Verify a live vault, its token, contract, fees, and withdrawal terms before connecting or approving a transaction.