# Gamma > A protocol for active liquidity management and market-making strategies Gamma is a protocol for active liquidity management on decentralized exchanges. It offers non-custodial LP vaults, limit orders, and perpetual trading vaults for liquidity providers and traders. Gamma is a protocol for active liquidity management and trading on decentralized exchanges, classified as a decentralized trading and liquidity infrastructure provider. It gives liquidity providers and traders tools to manage concentrated liquidity positions and execute advanced order types without needing to actively monitor markets themselves. The protocol is built for users seeking automated, non-custodial exposure to market-making strategies across decentralized venues. The protocol addresses the difficulty of manually managing concentrated liquidity positions, which require frequent rebalancing to remain effective. Vault strategies determine rebalancing logic offchain and execute the resulting transactions onchain, triggered by price movements and shifts in asset ratios. This lets depositors gain exposure to actively managed liquidity strategies while retaining non-custodial control of their funds. Gamma's offering spans automated LP vaults deployed across multiple decentralized exchange venues, a decentralized limit order system built as an exchange hook, and perpetual trading vaults that allocate to trading strategies on a separate derivatives venue. It is used by liquidity providers seeking passive yield from market-making, traders placing onchain limit and scale orders, and allocators seeking exposure to systematic trading vaults. - Type: Protocol - Sector: DeFi - Status: Active - Founded: 2021-03-01 - Profile: https://thegrid.id/profiles/gamma ## Products - [Gamma](https://thegrid.id/profiles/gamma): Gamma is a protocol for active liquidity management and trading on decentralized exchanges. LP Vaults are non-custodial, automated rebalancing vaults on concentrated liquidity AMMs, supporting multi-position management for Uniswap V4 and dual-position strategies for Uniswap V3 and Algebra Finance. The Limit Order Hook is a decentralized limit order book built on Uniswap V4, where limit orders are single-tick liquidity positions executed automatically through swap hooks, deployed across Base, Unichain, Arbitrum, Polygon, and BNB Chain. Perp Vaults are perpetual trading vaults on Hyperliquid using financial signal, momentum, and sentiment-based strategies. A portion of fees generated across all vaults is distributed to GAMMA token stakers. (Yield Aggregator, Live, Main Product) ## Assets - [Gamma (GAMMA)](https://thegrid.id/profiles/gamma): GAMMA is the utility token of Gamma, a protocol for active liquidity management on concentrated liquidity DEXes. It is used for staking to earn a share of fees generated across all Gamma-managed liquidity vaults. Staked GAMMA converts into xGAMMA, which appreciates in value as protocol fees purchase GAMMA on the open market. (Utility) - [xGAMMA (XGAMMA)](https://thegrid.id/profiles/gamma): xGAMMA is a vault token representing staked GAMMA in Gamma's staking pool. It is used to claim a proportional share of trading fees accumulated across Gamma-managed liquidity vaults. Its exchange ratio to GAMMA rises over time as protocol fees are used to buy GAMMA on the open market and add it to the pool. (Vault Tokens) ## Links - [Main](https://gamma.xyz) - [Documentation](https://docs.gamma.xyz/gamma) - [Media Kit/branding](https://docs.gamma.xyz/gamma/learn/assets) - [Governance](https://docs.gamma.xyz/gamma/learn/governance) - [Twitter / X](https://x.com/GammaStrategies) - [Discord](https://discord.gg/gammastrategies) - [Telegram](https://t.me/gammastrategies) - [GitHub](https://github.com/GammaStrategies) - [Medium](https://medium.com/gamma-strategies) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. 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