LLP on Lighter is the most comfortable Vault I’ve ever deposited in. LLP has been live on Lighter for nearly two years, delivering a cumulative return of 265% over that period! How many people in the market can beat that? Currently, the annualized yield is 13–15%, the highest among all major PerpDEX proprietary market makers. Many don’t understand why LLP generates such high returns, especially in today’s challenging market conditions—they think, “How is this even possible? Are you just making it up?” But hold on... LLP operates Lighter’s internal market-making services, leveraging the exchange’s fastest execution speed to handle trade settlements and act as a counterparty to arbitrageurs, capturing profits from the entire exchange’s market-making and clearing activities. If you’re familiar with quantitative strategies or market making, you’ll know that a 15% yield is entirely normal for market makers—many strategies achieve 50% or more, and it ultimately comes down to capacity and risk management. LLP hasn’t been without issues: last year, Lighter was briefly attacked upon launch, and LLP also suffered a significant single-day loss on October 10. However, thanks to continuous algorithmic improvements and optimizations by the team, LLP has since withstood multiple attacks and extreme volatility. When other bots on the exchange malfunction, LLP can quickly capture excess returns—this year’s single-day peak reached 0.5%. LLP’s net asset value has consistently hit new highs. Given recent market volatility, daily returns have averaged around 0.1%; during quieter periods earlier this year, performance was more modest. If you’re considering depositing into LLP, you must also account for systemic risk. No market-making strategy is permanently safe or stable—13–15% excess returns come with corresponding risks. Additionally, LLP is not open to everyone: only those who stake LIT are eligible. This is a special privilege reserved for LIT holders.