Shift Lighter LLP Wrapper
View on Shift Update infoHedged Lighter LLP wrapper designed to retain a market-neutral profile while meeting LIT staking requirements.
- Shift Lighter LLP Wrapper is a tokenised fund. It is smart contract-based, but may not offer all features of vaults. Read more about the differences between vaults and tokenised funds here.
- #202 overall
- #102 on
- #1 on
Share token price
Other metrics
Performance and fees
| 1M | 3M | 6M | 1Y | Lifetime | ||
|---|---|---|---|---|---|---|
| Gross Gross | 24.8% | 24.8% | 24.8% | 24.8% | 24.8% | |
| 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 | No data | No data | No data | No data | No data | |
| Withdrawal fee Withdrawal | No data | No data | No data | No data | No data | |
| Net Net | --- | --- | --- | --- | --- |
Internalised fees are reflected in the share price. One-time deposit and withdrawal fees may still affect net returns.
About the tokenised fund
ltLLP is Shift's wrapper around Lighter LLP. The app describes capital being deployed to Lighter, with the LIT exposure hedged while the strategy meets LIT staking requirements and deposits into LLP.
Strategy
- The resulting ERC-20 receipt is intended to make this allocation composable.
- It does not turn the underlying venue position into a risk-free or instantly redeemable asset.
Rewards and liquidity
Lighter participation and its associated points programme are presented in Shift announcements as potential additional rewards. Their rules, eligibility and value are controlled by external programmes and may change. Holders remain exposed to Lighter, hedge, funding, liquidity, smart-contract, TVL-feed and Shift executor risks; withdrawals require the normal Shift request and batch-resolution process described in the Shift FAQ.
Curated by Lighter
This tokenised fund 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.
Running on Shift protocol
This tokenised fund is running on Shift:
Automated USDC yield vaults using market-neutral perpetual-DEX strategies.
Transaction status
Returns and period details
| Metric | Week | Month | 3 months | 6 months | Year | Lifetime |
|---|---|---|---|---|---|---|
| Ranking overall | #173 | #202 | #154 | #161 | #68 | #101 |
| Ranking on Arbitrum One | #90 | #102 | #71 | #77 | #14 | #28 |
| Ranking on Shift | #1 | #1 | #1 | #1 | #1 | #1 |
| CAGR (net) | --- | --- | --- | --- | --- | --- |
| CAGR (gross) | 158.3% | 24.8% | 24.8% | 24.8% | 24.8% | 24.8% |
| Returns (net) | --- | --- | --- | --- | --- | --- |
| Returns (gross) | 1.8% | 1.3% | 1.3% | 1.3% | 1.3% | 1.3% |
| Sharpe ratio | 8.34 | 3.02 | 3.02 | 3.02 | 3.02 | 3.02 |
| Max drawdown | -0.2% | -0.9% | -0.9% | -0.9% | -0.9% | -0.9% |
Technical Details
| Tokenised fund name | Shift Lighter LLP Wrapper |
| Tokenised fund address | 0x956bdd9c18b786b082fd50c52722d254f0cb6964 |
| Chain | |
| Denomination | |
| Exchange rate used | 1 USDC = $1.0000 |
| Share token | ltLLP |
| Protocol | Shift |
| Homepage | View vault on protocol website |
| Current TVL | 203,910.647 USDC |
| Peak TVL | 217,234.876 USDC |
| Last share price | 1.049 USDC |
| Last updated | |
| Last updated block | 498,904,060 |
| Data refreshed at | |
| Data starts | 2026-08-05 00:00:00 UTC |
| Fee mode | Internalised minting |
| Fees internalised | Yes |
| Features | shift_like |
| Flags | tokenised_fund |
| Whitelist status | Whitelisted |
| Whitelist notes | Shift can enable a contract-level investor allow-list; individual membership is not publicly readable. |
| Deposit status | Shift deposit requests require executor approval; no public deposit manager is implemented |
| Redemption status | Shift withdrawals require executor batch resolution and a timelock; no public redemption manager is implemented |
Stay ahead with the best new vaults and essential DeFi updates.
Subscribe to Trading Strategy newsletter