ICPSwap · ICP

NICP-ICP (V3 market)

Overview

The ICPSwap NICP-ICP pool on the Internet Computer Protocol is a liquidity position for trading NICP against ICP tokens within a decentralized exchange framework. ICPSwap generates yield by collecting trading fees from users who execute trades through this liquidity pool, which are then distributed among suppliers. This pool competes with other venues offering similar token pairs on the same network.

The total APY stands at 20.93%, with no additional reward component. Over the past seven days, the rate has decreased by 2.49% and over thirty days, it has fallen by 10.63%. The current yield is below the 30-day mean of 5.18%, indicating a trend toward lower yields as trading activity may be waning.

TVL currently sits at $66K with a slight decline observed over the past week. For multi-asset pools like this one, the primary risk lies in impermanent loss exposure due to price fluctuations between NICP and ICP. The liquidity depth of this pool affects its ability to handle large trades without significant slippage, which can influence trading fees and overall yield stability.

Composed 2026-05-22 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Impermanent loss

  This pool holds multiple assets, so price divergence between them can reduce your USD value below what holding the assets separately would yield.

• Yield variability

  Current APY is 2.41%; 30-day mean is 3.29%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 58% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.