Experimental Liquidity Provider (XLP)

View on Lighter Update info

XLP 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

Experimental Liquidity Provider (XLP)
BTC
ETH
3M return (ann)
◼︎ 0.0%
Total value locked
$40.4K
peak $736.6K
3M Sharpe
0.0
3M volatility
0.0%

Other metrics

3M Sharpe
0.0
3M volatility
0.0%
Age*
0.8 years
Maximum drawdown
-71.3%
Protocol Technical Risk
Severe
Lockup period
5m
Denomination
USDC

Returns and fees

1M3M6M1YLifetime
Gross Gross 0.0% 0.0% 75.9% -59.7% -59.7%
Performance fee Performance 0.0%0.0%0.0%0.0%0.0%
Management fee Management 0.0%0.0%0.0%0.0%0.0%
Deposit fee Deposit 0.0%0.0%0.0%0.0%0.0%
Withdrawal fee Withdrawal 0.0%0.0%0.0%0.0%0.0%
Net Net 0.0% 0.0% 75.9% -59.7% -59.7%

Internalised fees are reflected in the share price. One-time deposit and withdrawal fees may still affect net returns.

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.

Curated by Lighter

This vault is curated by Lighter.

Lighter is a zero-fee decentralised perpetuals exchange with verifiable order matching, operating the Lighter Liquidity Pool (LLP) protocol market making vault.

View all Lighter vaults

Running on Lighter protocol

This vault is running on Lighter:

Native perpetual trading pools on Lighter DEX (ZK-rollup).

View all Lighter vaults

Performance metrics

MetricWeekMonth3 months6 monthsYearLifetime
Ranking overall------------------
Ranking on Lighter---------#4#20#20
Ranking on Lighter---------#4#20#20
CAGR (net)0.0%0.0%0.0%75.9%-59.7%-59.7%
CAGR (gross)0.0%0.0%0.0%75.9%-59.7%-59.7%
Returns (net)0.0%0.0%0.0%32.1%-51.4%-51.4%
Returns (gross)0.0%0.0%0.0%32.1%-51.4%-51.4%
Sharpe ratio0.000.000.001.77-1.05-1.05
Max drawdown0.0%0.0%0.0%-11.3%-71.3%-71.3%
Volatility0.0%0.0%0.0%35.2%65.7%65.7%
TVL low$40.43K$40.43K$40.43K$40.43K$40.43K$40.43K
TVL high$40.43K$40.43K$40.43K$341.08K$736.60K$736.60K
Share price start (USDC)0.0005708880.0005708880.0005708880.0004321420.001173810.00117381
Share price end (USDC)0.0005708880.0005708880.0005708880.0005708880.0005708880.000570888
Period data availability8 days31 days91 days181 days291 days291 days
Period start2026-07-312026-07-082026-05-092026-02-082025-10-212025-10-21
Period end2026-08-072026-08-072026-08-072026-08-072026-08-072026-08-07
C

CORE3 risk rating

Risk rating by CORE3 for Lighter. CORE3 Probability of Loss reflects the robustness of the underlying protocol and does not reflect the financial performance of an individual vault. View full rating on the CORE3 website.

Probability of Loss 57.54
ConfidenceModerate
CORE3 rank #809
Data coverage73.3%
CategoryDecentralized Exchange
Market cap$584.7M

Risk score by category

Sub-scores run 0–100 — lower is better.

  • Security 24
  • Financial 40
  • Operational 32
  • Reputational 27
  • Regulatory 55

Technical Details

Vault nameExperimental Liquidity Provider (XLP)
Vault addresslighter-pool-281474976680784
Chain Lighter (9998)
Denomination Circle USDC (USDC)
Exchange rate used1 USDC = $1.0000
Share tokenExperiment
ProtocolLighter
HomepageView vault on protocol website
Current TVL40,432.658 USDC
Peak TVL736,603.632 USDC
Last share price0.001 USDC
Last updated
Last updated block0
Data refreshed at
Data starts2025-10-21 00:00:00 UTC
Fee modeInternalised (performance fee taken from closed positions)
Fees internalisedYes
Featureslighter_native
Flagsperp_dex_trading_vault
Whitelist statusPermissionless
Deposit statusOpen
Redemption statusOpen

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