Edge & Hedge (L/S Factors)
View on LighterRunning quantitative delta neutral long, short strategy with a leverage of around 3x.
Share token price
1M return (ann)
▼ 32.5%
Total value locked
$2.4M
peak $5.9M
3M Sharpe
0.8
3M volatility
86.4%
Other metrics
3M Sharpe
0.8
3M volatility
86.4%
Age*
0.5 years
-21.9%
Protocol Technical Risk
Lockup period
5 minutes
Denomination
Returns
| 1 month | 3 month | Lifetime | |
|---|---|---|---|
| Gross | -32.5% ann -3.2% abs | 37.3% ann 8.1% abs | 68.0% ann 26.4% abs |
| Net | -32.5% ann -3.2% abs | 37.3% ann 8.1% abs | 68.0% ann 26.4% abs |
Fees
| Management | Performance | Deposit | Withdraw | |
|---|---|---|---|---|
| Gross | 0.0% | 20.0% | 0.0% | 0.0% |
| Net | 0.0% | 0.0% | 0.0% | 0.0% |
About the vault
Running quantitative delta neutral long, short strategy with a leverage of around 3x. Backtest Results (Oct 2022 - Now): CAGR ~ 110% | Sharpe ~ 2 | Max Drawdown ~ 25%. Follow on Twitter for regular updates - https://x.com/blothecap
About Lighter
This vault is running on Lighter:
Native perpetual trading pools on Lighter DEX (ZK-rollup).
Performance metrics
| Metric | Week | Month | 3 months | 6 months | Year | Lifetime |
|---|---|---|---|---|---|---|
| Ranking overall | #913 | #961 | #48 | #41 | #48 | #55 |
| Ranking on Lighter | #12 | #14 | #7 | #7 | #8 | #8 |
| Ranking on Lighter | #12 | #14 | #7 | #7 | #8 | #8 |
| CAGR (net) | -32.4% | -32.5% | 37.3% | 68.0% | 68.0% | 68.0% |
| CAGR (gross) | -32.4% | -32.5% | 37.3% | 68.0% | 68.0% | 68.0% |
| Returns (net) | -0.7% | -3.2% | 8.1% | 26.4% | 26.4% | 26.4% |
| Returns (gross) | -0.7% | -3.2% | 8.1% | 26.4% | 26.4% | 26.4% |
| Sharpe ratio | -0.66 | -0.56 | 0.79 | 1.10 | 1.10 | 1.10 |
| Max drawdown | -4.6% | -21.6% | -21.9% | -21.9% | -21.9% | -21.9% |
| Volatility | 45.7% | 49.6% | 86.4% | 68.7% | 68.7% | 68.7% |
| TVL low | $2.30M | $2.30M | $2.30M | $0.00 | $0.00 | $0.00 |
| TVL high | $2.76M | $3.13M | $5.28M | $5.93M | $5.93M | $5.93M |
| Share price start (USDC) | 0.00129192 | 0.00132441 | 0.00118593 | 0.00101443 | 0.00101443 | 0.00101443 |
| Share price end (USDC) | 0.00128226 | 0.00128226 | 0.00128226 | 0.00128226 | 0.00128226 | 0.00128226 |
| Period start | 2026-02-23 | 2026-01-31 | 2025-12-02 | 2025-09-03 | 2025-03-07 | 2025-09-18 |
| Period end | 2026-03-02 | 2026-03-02 | 2026-03-02 | 2026-03-02 | 2026-03-02 | 2026-03-02 |
Technical Details
| Vault name | Edge & Hedge (L/S Factors) |
| Vault address | lighter-pool-281474976688087 |
| Chain | Lighter (9998) |
| Denomination | USDC (0x0000000000000000000000000000000000000000) |
| Share token | Edge & Hed (lighter-pool-281474976688087) |
| Protocol | Lighter |
| Homepage | View vault on protocol website |
| Current TVL | 2,401,871.566 USDC |
| Peak TVL | 5,931,433.762 USDC |
| Last share price | 0.001 USDC |
| Last updated | |
| Last updated block | 0 |
| Data starts | 2025-09-18 00:00:00 UTC |
| Fee mode | Internalised (performance fee taken from closed positions) |
| Fees internalised | Yes |
| Features | lighter_native |
| Flags | perp_dex_trading_vault |
| Deposit status | Open |
| Redemption status | Open |
| Deposit events | 1 |
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