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View on Lagoon Finance Update info

USDC-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.

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Share token price

1M return (ann)
▲ 6.3%*
Total value locked
$432.6K
peak $432.6K
3M Sharpe
10.8
3M volatility
0.8%

Other metrics

3M Sharpe
10.8
3M volatility
0.8%
Age
0.2 years
Maximum drawdown
-0.1%
Protocol Technical Risk
Minimal
Lockup period
Unknown
Denomination
USDC

Returns and fees

1M3M6M1YLifetime
Gross Gross 6.3% 8.6% 8.6% 8.6% 8.6%
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 --- --- --- --- ---

About the vault

Overview

The DACM LIT Strategy provides USDC-denominated exposure to Lighter's Liquidity Provider (LLP) vault — 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 — 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 — Lighter protocol and Lagoon vault contracts
  • Drawdown risk — LLP can absorb losses during adverse market events or coordinated trading flow
  • Manipulation risk — perp LP vaults have known structural vulnerabilities under thin liquidity
  • Liquidity risk — 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

About Lagoon Finance

This vault is running on Lagoon Finance:

Open, general-purpose, secure vault infrastructure for on-chain yield products.

View all Lagoon Finance vaults

Performance metrics

MetricWeekMonth3 months6 monthsYearLifetime
Ranking overall#70#257#170#159#178#199
Ranking on Arbitrum One#5#10#11#12#13#19
Ranking on Lagoon Finance#3#11#7#8#9#9
CAGR (net)------------------
CAGR (gross)12.7%6.3%8.6%8.6%8.6%8.6%
Returns (net)------------------
Returns (gross)0.2%0.5%1.4%1.4%1.4%1.4%
Sharpe ratio12.347.4210.7910.7910.7910.79
Max drawdown-0.0%-0.1%-0.1%-0.1%-0.1%-0.1%
Volatility1.0%0.8%0.8%0.8%0.8%0.8%
TVL low$431.48K$430.17K$401.11K$401.11K$401.11K$401.11K
TVL high$432.57K$432.57K$432.57K$432.57K$432.57K$432.57K
Share price start (USDC)1.022931.020151.011431.011431.011431.01143
Share price end (USDC)1.025281.025281.025281.025281.025281.02528
Period data availability8 days31 days61 days61 days61 days61 days
Period start2026-07-112026-06-182026-05-192026-05-192026-05-192026-05-19
Period end2026-07-182026-07-182026-07-182026-07-182026-07-182026-07-18

Technical Details

Vault nameSandbox
Vault address0x018282d5b510f00dcacb8f4a81c3901d2fc9da51
Chain Arbitrum One (42161)
Denomination Circle USDC (USDC)
Exchange rate used1 USDC = $1.0000
Share tokenUSDACM
ProtocolLagoon Finance
HomepageView vault on protocol website
Current TVL432,569.07 USDC
Peak TVL432,569.07 USDC
Last share price1.025 USDC
Last updated
Last updated block485,152,060
Data refreshed at
Data starts2026-05-19 00:00:00 UTC
Fee modeUnknown
Fees internalised---
Featureserc_7540_like, erc_7575_like, lagoon_like
Flags---
Deposit statusOpen
Redemption statusOpen
Deposit/redemption events7

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