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.
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.
Chain
Arbitrum
Deposit Token
USDC
Total deposited
$432.52K
Net APR
Position
You have no positions in this vault.
DEPOSIT
USDC
$-
0USDC
Remaining capacity∞
Chart
1DACM LIT Strategy
Strategy
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
DACM is an institutional digital asset fund manager specialising in discretionary and systematic crypto strategies, including market-neutral books and curated DeFi yield exposures. With a focus on rigorous investment research, on-chain risk management, and institutional-grade operations, DACM curates vaults that provide considered access to high-quality DeFi protocols.
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
DACM is an institutional digital asset fund manager specialising in discretionary and systematic crypto strategies, including market-neutral books and curated DeFi yield exposures. With a focus on rigorous investment research, on-chain risk management, and institutional-grade operations, DACM curates vaults that provide considered access to high-quality DeFi protocols.