Fire Liquidity Provider

This vault, operated by Kappa Lab, provides liquidity to Hibachi by running market making strategies across all markets, and collects a share of platform fees.

Rank

• #235 overall
• #1 on
  

  Hibachi
• #1 on
  

  Hibachi

Strategies used by vault

• Perpetual futures

Share token price

1M

3M

Max

3M ann. net returns

▲ 20.2%

Total value locked

$2.0M

peak $2.0M

3M Sharpe

15.1

3M volatility

1.2%

Other metrics

3M Sharpe

15.1

3M volatility

1.2%

Age*

0.3 years

Maximum drawdown

-0.2%

Protocol Technical Risk

Severe

Lockup period

Instant

Denomination

USDT

Performance and fees

		1M	3M	6M	1Y	Lifetime
Gross Gross		22.1%	20.2%	32.3%	32.3%	32.3%
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		22.1%	20.2%	32.3%	32.3%	32.3%

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

About the vault

This vault, operated by Kappa Lab, provides liquidity to Hibachi by running market making strategies across all markets, and collects a share of platform fees.

Curated by Kappa Lab

This vault is curated by Kappa Lab.

Kappa Lab is a digital asset market maker providing liquidity solutions across centralised and decentralised venues.

View all Kappa Lab vaults

Running on Hibachi protocol

This vault is running on Hibachi:

Native perpetual trading vaults on the Hibachi stablecoin FX exchange.

View all Hibachi vaults

Returns and period details

Metric	Week	Month	3 months	6 months	Year	Lifetime
Ranking overall	#112	#235	#207	#109	#57	#83
Ranking on Hibachi	#1	#1	#3	#2	#2	#2
Ranking on Hibachi	#1	#1	#3	#2	#2	#2
CAGR (net)	31.0%	22.1%	20.2%	32.3%	32.3%	32.3%
CAGR (gross)	31.0%	22.1%	20.2%	32.3%	32.3%	32.3%
Returns (net)	0.5%	1.7%	4.6%	9.5%	9.5%	9.5%
Returns (gross)	0.5%	1.7%	4.6%	9.5%	9.5%	9.5%
Sharpe ratio	26.72	12.25	15.07	16.56	16.56	16.56
Max drawdown	0.0%	-0.2%	-0.2%	-0.2%	-0.2%	-0.2%

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Technical Details

Vault name	Fire Liquidity Provider
Vault address	hibachi-vault-4
Chain	Hibachi (9997)
Denomination	Tether USD (USDT)
Exchange rate used	1 USDT = $1.0000
Share token	FLP2
Protocol	Hibachi
Homepage	View vault on protocol website
Current TVL	2,003,847.366 USDT
Peak TVL	2,004,988.893 USDT
Last share price	1.095 USDT
Last updated	2026-09-17 00:00 UTC (about 13 hours ago)
Last updated block	0
Data refreshed at	2026-09-17 11:04 UTC (about 2 hours ago)
Data starts	2026-05-21 00:00:00 UTC
Fee mode	Feeless
Fees internalised	Yes
Features	hibachi_native
Strategy tags	perpetual_futures
Flags	perp_dex_trading_vault
Whitelist status	Unknown
Deposit status	Open
Redemption status	Open