Neutral Trade: Lighter LLP (Closed)
⚠️ Deprecated vault — historical reference only.
This vault has been deprecated and is no longer active on Neutral Trade. It is not accepting deposits and is not part of the current product line-up. Do not present this strategy as available or current. For live vaults and current data, see the active strategies and the API reference at https://www.neutral.trade/api/v1/docs.

Lighter Liquidity Provider
The Lighter Liquidity Provider (LLP) pool is coming to Solana!
Available on Neutral Trade!
Through the Neutral Trade LLP vault, capital is deployed to LLP, which executes protocol-run market-making strategies and serves as Lighter’s insurance fund.
Returns
Having provided a staggering 24.31% APR (Estimated Moving Average of pools' returns), LLP yield is derived from:
Protocol-run market-making
Liquidation fees
Risks
It’s important to note that this is not a delta-neutral product!
While daily returns have been predominantly positive, depositors may experience losses during extreme liquidation events. This occurs when accounts go underwater faster than they can be profitably liquidated.
The maximum drawdown experienced by LLP has been 8.94%.
Lighter
Lighter is a high-performance decentralized trading platform. It's the first exchange to provide fully verifiable order matching and liquidations! Its open-sourced and audited circuits let anyone verify trading, risk, and liquidation processes.
Built as an Ethereum L2, it combines the speed and liquidity of centralized exchanges with the security, transparency, and self-custody of DeFi. All while retaining the ability to handle ~500 million transactions daily while keeping Ethereum’s security intact!
Fees
Commission - 0%
Annual Service Fee - 2%
Withdrawal Fee - 0.2%
Deposit
https://www.neutral.trade/strategies/lighterllp1
Trade On Lighter
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