Protocol-operated liquidity and insurance pool that provides market-making liquidity and handles liquidations on Lighter.

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Share token price

Lighter Robinhood Liquidity Provider (LLP)
BTC
ETH

Other metrics

3M Sharpe
6.6
3M volatility
59.0%
Age*
0.08 years
Maximum drawdown
-8.0%
Protocol Technical Risk
Lockup period
Instant
Denomination

Returns and fees

1M3M6M1YLifetime
Gross Gross 3,952.7% 3,952.7% 3,952.7% 3,952.7% 3,952.7%
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 3,952.7% 3,952.7% 3,952.7% 3,952.7% 3,952.7%

Fees are internalised for this vault and already removed from the gross profit.

About the vault

Protocol-operated liquidity and insurance pool that provides market-making liquidity and handles liquidations on Lighter.

Notes

Lighter Liquidity Provider (LLP) on Robinhood Chain is the USDG-denominated protocol insurance fund for Robinhood Wallet perpetual futures.

During partial liquidations, the protocol can send a liquidation fee of up to 1% to LLP. During full liquidations, LLP can take over the remaining positions. The pool therefore carries market-making and liquidation risk and is not equivalent to holding USDG directly.

Robinhood's public documentation does not state that the Ethereum LLP's LIT staking access rule applies to this deployment, so the Ethereum USDC/LIT requirements are intentionally not repeated here.

Robinhood Wallet perpetual futures.

About 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

About Lighter

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#22#3#2#2#2#2
Ranking on Lighter#7#1#1#1#1#1
Ranking on Lighter#7#1#1#1#1#1
CAGR (net)116.2%3,952.7%3,952.7%3,952.7%3,952.7%3,952.7%
CAGR (gross)116.2%3,952.7%3,952.7%3,952.7%3,952.7%3,952.7%
Returns (net)1.5%35.5%35.5%35.5%35.5%35.5%
Returns (gross)1.5%35.5%35.5%35.5%35.5%35.5%
Sharpe ratio1.526.586.586.586.586.58
Max drawdown-8.0%-8.0%-8.0%-8.0%-8.0%-8.0%
Volatility61.5%59.0%59.0%59.0%59.0%59.0%
TVL low$310.67K$10.91K$10.91K$10.91K$10.91K$10.91K
TVL high$337.74K$337.74K$337.74K$337.74K$337.74K$337.74K
Share price start (USDG)0.001328470.0009947570.0009947570.0009947570.0009947570.000994757
Share price end (USDG)0.001348250.001348250.001348250.001348250.001348250.00134825
Period data availability8 days31 days31 days31 days31 days31 days
Period start2026-07-242026-07-012026-07-012026-07-012026-07-012026-07-01
Period end2026-07-312026-07-312026-07-312026-07-312026-07-312026-07-31
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 #751
Data coverage73.3%
CategoryDecentralized Exchange
Market cap$504.9M

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 nameLighter Robinhood Liquidity Provider (LLP)
Vault addresslighter-pool-robinhood-281474976710654
Chain Lighter (9998)
Denomination Global Dollar (USDG)
Exchange rate used1 USDG = $0.999831 fetched
Share tokenLighter Ro
ProtocolLighter
HomepageView vault on protocol website
Current TVL334,316.794 USDG
Peak TVL337,742.247 USDG
Last share price0.001 USDG
Last updated
Last updated block0
Data refreshed at
Data starts2026-07-01 00:00:00 UTC
Fee modeInternalised (performance fee taken from closed positions)
Fees internalisedYes
Featureslighter_native
Flagsperp_dex_trading_vault
Deposit statusOpen
Redemption statusOpen

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