Sandbox
View on Lagoon Finance Update infoUSDC-denominated exposure to Lighter's LLP, the liquidity provider vault powering the Lighter perp DEX. Actively managed by DACM to optimise allocation and target consistent risk-adjusted returns from market-making and liquidation fees.
- #207 overall
- #106 on
- #3 on
Share token price
Other metrics
Performance and fees
| 1M | 3M | 6M | 1Y | Lifetime | ||
|---|---|---|---|---|---|---|
| Gross Gross | 23.2% | 13.6% | 13.0% | 13.0% | 13.0% | |
| Performance fee Performance | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% | |
| 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 | 20.7% | 12.2% | 11.6% | 11.6% | 11.6% |
About the vault
Overview
The DACM LIT Strategy provides USDC-denominated exposure to Lighter's Liquidity Provider (LLP) vault โ the market-making backbone of the Lighter decentralised perpetual exchange on Arbitrum.
LLP earns yield primarily from:
- Maker rebates and trading fees from perp activity on Lighter
- Liquidation fees when leveraged traders are closed out
- Funding rate capture on the resulting market-neutral inventory
DACM actively manages the position โ sizing exposure, monitoring structural metrics (notably the OI/TVL ratio as a leading indicator of fee-driven profitability), and rotating capital based on changes in vault economics.
Why Lighter
- Order-book DEX with a strong CEX-like execution profile
- Growing open interest with maker-friendly fee structure
- Transparent on-chain accounting of LLP performance
Risk Considerations
- Smart contract risk โ Lighter protocol and Lagoon vault contracts
- Drawdown risk โ LLP can absorb losses during adverse market events or coordinated trading flow
- Manipulation risk โ perp LP vaults have known structural vulnerabilities under thin liquidity
- Liquidity risk โ weekly settlement; redemptions are not instant
This vault is suitable for investors comfortable with DeFi smart contract exposure and the specific risks of perp DEX liquidity provision.
Settlement: strategy has a 3-day unlock so settles Request+3
Curated by DACM
This vault is curated by DACM.
DACM is a specialist investor in blockchain technology and digital assets.
Running on Lagoon Finance protocol
This vault is running on Lagoon Finance:
Open, general-purpose, secure vault infrastructure for on-chain yield products.
Xerberus risk rating
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Returns and period details
| Metric | Week | Month | 3 months | 6 months | Year | Lifetime |
|---|---|---|---|---|---|---|
| Ranking overall | #177 | #207 | #208 | #229 | #137 | #192 |
| Ranking on Arbitrum One | #100 | #106 | #83 | #92 | #25 | #61 |
| Ranking on Lagoon Finance | #2 | #3 | #3 | #5 | #5 | #5 |
| CAGR (net) | 66.0% | 20.7% | 12.2% | 11.6% | 11.6% | 11.6% |
| CAGR (gross) | 75.6% | 23.2% | 13.6% | 13.0% | 13.0% | 13.0% |
| Returns (net) | 1.0% | 1.6% | 2.9% | 3.1% | 3.1% | 3.1% |
| Returns (gross) | 1.1% | 1.7% | 3.2% | 3.4% | 3.4% | 3.4% |
| Sharpe ratio | 13.90 | 8.32 | 8.00 | 7.98 | 7.98 | 7.98 |
| Max drawdown | 0.0% | -0.2% | -0.2% | -0.2% | -0.2% | -0.2% |
Technical Details
| Vault name | Sandbox |
| Vault address | 0x018282d5b510f00dcacb8f4a81c3901d2fc9da51 |
| Chain | |
| Denomination | |
| Exchange rate used | 1 USDC = $1.0000 |
| Share token | USDACM |
| Protocol | Lagoon Finance |
| Homepage | View vault on protocol website |
| Current TVL | 442,125.16 USDC |
| Peak TVL | 442,125.16 USDC |
| Last share price | 1.046 USDC |
| Last updated | |
| Last updated block | 499,019,260 |
| Data refreshed at | |
| Data starts | 2026-05-19 00:00:00 UTC |
| Fee mode | Externalised |
| Fees internalised | No |
| Features | erc_7540_like, erc_7575_like, lagoon_like |
| Flags | --- |
| Whitelist status | Permissionless |
| Deposit status | Open |
| Redemption status | Open |
| Deposit/redemption events | 11 |
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