Fire Liquidity Provider
View on Hibachi Update infoThis vault, operated by Kappa Lab, provides liquidity to Hibachi by running market making strategies across all markets, and collects a share of platform fees.
Share token price
3M return (ann)
▲ 37.9%
Total value locked
$2.0M
peak $2.0M
3M Sharpe
18.1
3M volatility
1.8%
Other metrics
3M Sharpe
18.1
3M volatility
1.8%
Age*
0.2 years
-0.1%
Protocol Technical Risk
Lockup period
Instant
Denomination
Returns and fees
| 1M | 3M | 6M | 1Y | Lifetime | ||
|---|---|---|---|---|---|---|
| Gross Gross | 21.8% | 37.9% | 37.9% | 37.9% | 37.9% | |
| 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 | 21.8% | 37.9% | 37.9% | 37.9% | 37.9% |
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.
Running on Hibachi protocol
This vault is running on Hibachi:
Native perpetual trading vaults on the Hibachi stablecoin FX exchange.
Performance metrics
| Metric | Week | Month | 3 months | 6 months | Year | Lifetime |
|---|---|---|---|---|---|---|
| Ranking overall | #75 | #52 | #30 | #29 | #35 | #40 |
| Ranking on Hibachi | #2 | #3 | #3 | #2 | #2 | #2 |
| Ranking on Hibachi | #2 | #3 | #3 | #2 | #2 | #2 |
| CAGR (net) | 19.3% | 21.8% | 37.9% | 37.9% | 37.9% | 37.9% |
| CAGR (gross) | 19.3% | 21.8% | 37.9% | 37.9% | 37.9% | 37.9% |
| Returns (net) | 0.3% | 1.6% | 7.2% | 7.2% | 7.2% | 7.2% |
| Returns (gross) | 0.3% | 1.6% | 7.2% | 7.2% | 7.2% | 7.2% |
| Sharpe ratio | 36.19 | 27.11 | 18.10 | 18.10 | 18.10 | 18.10 |
| Max drawdown | 0.0% | -0.0% | -0.1% | -0.1% | -0.1% | -0.1% |
| Volatility | 0.5% | 0.7% | 1.8% | 1.8% | 1.8% | 1.8% |
| TVL low | $1.76M | $1.38M | $550.51K | $550.51K | $550.51K | $550.51K |
| TVL high | $1.96M | $1.96M | $1.96M | $1.96M | $1.96M | $1.96M |
| Share price start (USDT) | 1.06839 | 1.05476 | 1.0000 | 1.0000 | 1.0000 | 1.0000 |
| Share price end (USDT) | 1.07201 | 1.07201 | 1.07201 | 1.07201 | 1.07201 | 1.07201 |
| Period data availability | 8 days | 31 days | 80 days | 80 days | 80 days | 80 days |
| Period start | 2026-08-01 | 2026-07-09 | 2026-05-21 | 2026-05-21 | 2026-05-21 | 2026-05-21 |
| Period end | 2026-08-08 | 2026-08-08 | 2026-08-08 | 2026-08-08 | 2026-08-08 | 2026-08-08 |
Technical Details
| Vault name | Fire Liquidity Provider |
| Vault address | hibachi-vault-4 |
| Chain | |
| Denomination | |
| Exchange rate used | 1 USDT = $1.0000 |
| Share token | FLP2 |
| Protocol | Hibachi |
| Homepage | View vault on protocol website |
| Current TVL | 1,956,511.311 USDT |
| Peak TVL | 1,956,511.311 USDT |
| Last share price | 1.072 USDT |
| Last updated | |
| Last updated block | 0 |
| Data refreshed at | |
| Data starts | 2026-05-21 00:00:00 UTC |
| Fee mode | Feeless |
| Fees internalised | Yes |
| Features | hibachi_native |
| Flags | perp_dex_trading_vault |
| Whitelist status | Unknown |
| Deposit status | Open |
| Redemption status | Open |
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