Experimental Liquidity Provider (XLP)
View on LighterXLP is a community-owned and protocol-run pool that provides liquidity to Lighter on experimental markets, runs market making strategies, and handles liquidations.
Share token price
1M return (ann)
▼ 86.3%
Total value locked
$304.0K
peak $736.6K
3M Sharpe
-1.4
3M volatility
127.9%
Other metrics
3M Sharpe
-1.4
3M volatility
127.9%
Age*
0.4 years
-71.3%
Protocol Technical Risk
Lockup period
5 minutes
Denomination
Returns
| 1 month | 3 month | Lifetime | |
|---|---|---|---|
| Gross | -86.3% ann -15.1% abs | -92.5% ann -47.2% abs | -77.8% ann -48.3% abs |
| Net | -86.3% ann -15.1% abs | -92.5% ann -47.2% abs | -77.8% ann -48.3% abs |
Fees
| Management | Performance | Deposit | Withdraw | |
|---|---|---|---|---|
| Gross | 0.0% | 0.0% | 0.0% | 0.0% |
| Net | 0.0% | 0.0% | 0.0% | 0.0% |
About the vault
XLP is a community-owned and protocol-run pool that provides liquidity to Lighter on experimental markets, runs market making strategies, and handles liquidations.
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 | #907 | #986 | #1019 | #1032 | #1063 | #1086 |
| Ranking on Lighter | #11 | #20 | #19 | #19 | #19 | #19 |
| Ranking on Lighter | #11 | #20 | #19 | #19 | #19 | #19 |
| CAGR (net) | -4.8% | -86.3% | -92.5% | -77.8% | -77.8% | -77.8% |
| CAGR (gross) | -4.8% | -86.3% | -92.5% | -77.8% | -77.8% | -77.8% |
| Returns (net) | -0.1% | -15.1% | -47.2% | -48.3% | -48.3% | -48.3% |
| Returns (gross) | -0.1% | -15.1% | -47.2% | -48.3% | -48.3% | -48.3% |
| Sharpe ratio | -2.76 | -1.14 | -1.40 | -0.99 | -0.99 | -0.99 |
| Max drawdown | -0.3% | -32.9% | -65.3% | -71.3% | -71.3% | -71.3% |
| Volatility | 1.8% | 112.6% | 127.9% | 101.3% | 101.3% | 101.3% |
| TVL low | $304.02K | $225.36K | $211.63K | $0.00 | $0.00 | $0.00 |
| TVL high | $304.87K | $304.87K | $609.33K | $736.60K | $736.60K | $736.60K |
| Share price start (USDC) | 0.000517372 | 0.000608726 | 0.000979258 | 0.001000 | 0.001000 | 0.001000 |
| Share price end (USDC) | 0.000516884 | 0.000516884 | 0.000516884 | 0.000516884 | 0.000516884 | 0.000516884 |
| Period start | 2026-02-23 | 2026-01-31 | 2025-12-02 | 2025-09-03 | 2025-03-07 | 2025-09-23 |
| Period end | 2026-03-02 | 2026-03-02 | 2026-03-02 | 2026-03-02 | 2026-03-02 | 2026-03-02 |
Technical Details
| Vault name | Experimental Liquidity Provider (XLP) |
| Vault address | lighter-pool-281474976680784 |
| Chain | Lighter (9998) |
| Denomination | USDC (0x0000000000000000000000000000000000000000) |
| Share token | Experiment (lighter-pool-281474976680784) |
| Protocol | Lighter |
| Homepage | View vault on protocol website |
| Current TVL | 304,021.093 USDC |
| Peak TVL | 736,603.632 USDC |
| Last share price | 0.001 USDC |
| Last updated | |
| Last updated block | 0 |
| Data starts | 2025-09-23 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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