Lighter LLP pool

Lighter Liquidity Provider — the community-owned pool that makes markets on Lighter and takes over liquidations. Updated every 5 minutes.

Pool value
$93.12M
APY
14.9%
as reported by Lighter
Share price
0.0036325
+263.3% since launch
30-day return
+1.5%
1-year return
+12.6%
Max drawdown
-8.9%
of the share price
Sharpe ratio
3.82
Net deposits, 30 days
+$26.18M

Share price

0.00363330.00116 January 202517 October 2026

Pool value

$700.37M$34.9K18 January 202518 October 2026

LLP positions

LLP holds 179 positions worth $9.22M: $3.19M long and $6.02M short, net −$2.83M, unrealized PnL −$6.8K. Most of them are small market-making inventory; the large ones show where the pool is really exposed.

CoinSidePositionUnrealized PnLEntrySize
QQQLong+$1.27M−$115708.661,795.4
XAUShort−$902.1K+$10.4K4,209.7216.78
ETHShort−$878.3K−$4.1K2,405.2363.47
US100Short−$662.1K+$55329,15422.73
USDCADLong+$497.8K−$4.9K1.4211353,710
EURUSDShort−$496.5K−$3.4K1.1161441,790
US10YShort−$442.6K+$71996.74,584.1
US500Short−$384.4K−$4077,636.450.282
USDCHFLong+$360.7K−$6.6K0.83499439,970
SPYLong+$306.2K+$418761.54401.5
NVDAShort−$237.3K+$2.5K215.781,111.1
AMDShort−$221.2K+$4.2K536.26420.24
SPCXShort−$171.0K+$1.5K145.811,183
METAShort−$158.2K+$2.8K719.46223.79
XAGShort−$151.1K−$1.2K56.5712,650
AUDUSDShort−$144.3K−$340.69543207,520
NZDUSDShort−$143.0K−$9460.56228252,560
PAXGLong+$130.4K−$6.4K4,356.231.393
SOXLLong+$109.0K−$5.3K97.081,177.7
DELLShort−$99.2K+$5.6K475.39220.53

LLP account: all positions →

Strategies

Lighter splits LLP collateral between market-making and liquidation strategies. The API shows how much collateral each one holds, not its name.

#CollateralShare of the pool
Strategy 1$61.34M65.9%
Strategy 2$10.31M11.1%
Strategy 3$14.23M15.3%
Strategy 4$2.04M2.2%
Strategy 5$2.25M2.4%
Strategy 6$1.97M2.1%
Strategy 7$237.4K0.3%
Strategy 8$753.4K0.8%

Updated 1s ago

Compare with the Hyperliquid HLP vault →

Lighter LLP: questions and answers

What is Lighter LLP?

LLP (Lighter Liquidity Provider) is the community-owned pool of the Lighter exchange. Lighter runs it: the pool quotes prices in its markets and takes over the positions of liquidated traders. Depositors receive shares, and the share price rises or falls with the pool’s result.

What yield does LLP pay?

Lighter reports an APY of 14.9%. Since launch on 16 January 2025 the share price has changed by +263.3%. Past yield does not guarantee future yield: it depends on trading volume, volatility and liquidations.

Can LLP lose money?

Yes. When the market moves sharply against the pool’s market-making inventory, or liquidated positions close at a loss, the share price drops. The largest drawdown of the share price so far is -8.9%.

How is LLP different from Hyperliquid HLP?

Both are community pools that make markets and handle liquidations on their exchange. HLP works on Hyperliquid’s own L1, LLP on Lighter, a zk rollup on Ethereum. LLP now holds $93.12M; its open positions are $9.22M in total.