Arrowfarm

Summary

Ketju does not approve Arrowfarm under the class rule for liquidity pools: every Arrowfarm vault holds two tokens, and the docs say automatic range management does not remove impermanent loss. Arrowfarm runs vaults on Robinhood Chain that place deposits in concentrated-liquidity pools on Uniswap and reinvest the fees. On 2026-10-16 the DefiLlama yield feed listed nine vaults with about $517,000 in them, at rates from 69% to more than 3,000%. Ketju has also not approved Robinhood Chain. We made no finding against Arrowfarm itself.

Review triggers
• Arrowfarm ships a product without two-token pool exposure that merits its own review

Ketju checks this memo every night and opens a review if its venues or files show a warning or a cited document changes. The first confirmation is due 2027-01-16.

Research

How it works

A depositor puts in one token or two. If the deposit is one token, the vault swaps part of it into the second token and charges a 1% swap fee. The vault then holds a concentrated position in a pool on a platform “such as Uniswap.” It collects fees and reinvests them when the gain is larger than the gas cost. When the price moves toward the edge of the range, the automation can move the range. It does so only after it checks the price against a recent time-weighted price. The depositor gets a receipt token. The docs state that the position can end up wholly in one token and stop earning, and that fees may not offset the loss.

Fees

Arrowfarm charges 0.2% on deposit and 9% of yield, with no withdrawal fee. All protocol fees buy and burn the ARROWFARM token. The docs say Arrowfarm can change the fee schedule at its discretion.

Size and holdings

The rates in the feed come mostly from rewards paid in small tokens. The ARROWFARM and USDG vault holds $99,000 and shows 1,582%, all of it reward. The WETH and AI vault shows 3,265%.

Who controls it

DefiLlama lists no audit, and the docs pages we read name none. The docs say the automation is “designed to be” non-custodial. They list these risks: smart-contract bugs, automation that is delayed or misconfigured, price manipulation of the safety check, and total loss. The docs do not name who holds the admin or automation keys, and we did not read the contracts.

Withdrawals

A depositor redeems the receipt token through the Arrowfarm page. The depositor receives whatever mix of tokens the position holds, which may differ from the deposit. The docs warn that a holder who sells or sends the receipt token can lose the right to redeem. Single vaults hold $14,000 to $118,000, so a large withdrawal would move the price of the pool it trades through. A holder who leaves Robinhood Chain must also use the chain’s own bridge. Ketju counts that bridge as a limit on who controls a withdrawal.

Class rule

The class rule for liquidity pools covers every Arrowfarm vault. Ketju will review Arrowfarm again only if it ships a product that does not hold two tokens. Growth in the vaults would not change the verdict.

Sources

Each claim above comes from one of these sources. Where Ketju could not verify a number, the memo states that.

• Arrowfarm docs, overview · primary · accessed 2026-10-16
  Supports: managed concentrated liquidity, non-custodial design, range management
• Arrowfarm docs, vaults · primary · accessed 2026-10-16
  Supports: Uniswap deployment, fee compounding, price safety check
• Arrowfarm docs, fees · primary · accessed 2026-10-16
  Supports: 0.2% deposit fee, 9% performance fee, 1% swap fee, fees can change
• Arrowfarm docs, deposits and withdrawals · primary · accessed 2026-10-16
  Supports: receipt token, withdrawal returns current mix
• Arrowfarm docs, impermanent loss · primary · accessed 2026-10-16
  Supports: range management does not remove loss, fees may not offset
• Arrowfarm docs, risk disclosure · primary · accessed 2026-10-16
  Supports: automation risk, receipt token risk, total loss
• Arrowfarm home page · primary · accessed 2026-10-16
  Supports: risk notice, ARROWFARM token
• DefiLlama, Arrowfarm protocol page · secondary · accessed 2026-10-16
  Supports: current TVL, no audits recorded, Robinhood Chain only
• DefiLlama, yield pools feed · secondary · accessed 2026-10-16
  Supports: nine vaults, reward share of rate, vault TVL

The asset and the chain

This memo covers the protocol. A position also holds an asset and settles on a chain. Whichever of the three holds the most power over the position decides who can freeze it. These tables describe control and do not judge quality.