Solana's first LVR-aware vault.
Single-sided USDC. Rotates capital out of pools where arbs are draining LPs.
$263M of LP capital is leaking.
Nobody is catching it.
“Market makers are vulnerable to being ‘picked off’.”
Source · drainwatch ranker · our own ClickHouse pipeline · open methodology
Loss-Versus-Rebalancing.
The dollar a liquidity pool leaks to arbitrageurs every time the outside market moves faster than the pool re-prices. Fees are what LPs earn. LVR is what they pay. The difference is whether the pool is actually profitable.
We don’t predict LVR.
We read it off the tape.
Don't redesign
the pool.
Move the capital.
The pieces exist.
The product doesn't.
LPs being “picked off” by toxic flow is now Solana-canon — the framing went from Paradigm research to a Solana Foundation post.
Meteora’s Hermes runs single-sided rotated vaults at scale — for lending. Nobody has extended the pattern to AMMs.
Breakout ’25 winners (Carrot) showed the route from yield-bearing vault to a liquid token retail can hold like a stablecoin.
The macro story is written. The infrastructure pattern is proven. The distribution route is open. We’re first into the gap on AMMs.
We get paid only
when LPs do.
We charge a fee on the recovery, not the deposit. No AUM fee. No management fee. The vault only earns when LPs come out ahead.
Every dollar of LVR currently goes to arbitrageurs. We’re the first vault built to redirect a portion back to LPs — and we only earn when NAV per share is above its prior peak. Same fee structure Kamino, Drift Vaults, and MarginFi already use.
Roadmap
We’ve already indexed
every Solana AMM.
Live, in the browser.
Any Solana pool. ~3 seconds. Fees, LVR, net, intensity, break-even fee tier — from on-chain fills.
