Aerodrome Rangekeeper

Delta-neutral LPLive · modeledWETH/USDC LP · Aerodrome · BaseCurated by Priime Labs

Concentrated WETH/USDC liquidity on Aerodrome, with a perp short canceling the price leg.

Modeled APY3.1%net of venue costs and the 20% compute fee

TVL$0$1M seeded

Share value0.00001.0000 at inception

Depositors46since inception

Capacity$2.3M$1.3M left

Capacity usedlimited by the modeled pool depth

42%

$1M deposited$2.3M total capacity

Overview

Aerodrome Rangekeeper provides concentrated liquidity on WETH/USDC LP at Aerodrome on Base. A perp hedge cancels the price leg, holding net delta at zero. The range recenters as price walks. Earned yield is swept back into the position on a 24h cadence.

All figures on this page are modeled from the vault's published parameters.

Vault configuration

CuratorPriime Labs

CreatedApr 8, 2026

VenueAerodrome

ChainBase

Strategy classDelta-neutral LP

ModulesLiquidity sourceAuto centerDynamic hedgeAuto-compound

VerificationOperator quorum (WAVS), every action co-signed · modeled

Automations

Aerodrome · Range

Auto center

Recenters the range around spot before the position goes one-sided.

Recentering

+1.87%price against range center · range ±2.5% · in rangelive

Recenter−1.50%

Fees accrue±1.50%

Recenter+1.50%

The range · one action per check

Price inside±1.50%→Hold, fees accrue

Price walks past±1.50% (60% of range)→Recenter around spot

Price outside±2.50%→One-sided until the recenter lands

Range width · ±2.5%Recenter trigger · 60% of rangeLast recenter · 32h ago

Avantis · ETH perp

Dynamic hedge

Keeps net delta at zero and the short funded.

In shadow

−0.09%net delta · target 0 · inside the bandlive

−0.5%0+0.5%

Margin · keeps the short funded

Margin is below13%→Trim short, restore to 28%

Funding negative3 periods→Exit the venue

Cadence · every 5 minShort leverage · 3.00xMargin reserve · 15%Margin now · 20.8%Last check · 4 min ago

Aerodrome · Compounding

Auto-compound

Sweeps earned yield back into the position once it clears the threshold.

In shadow

Accrued since last compound$0.00

$0$84.85 accrues per 24h check · clears $155.00 in 2 checks

At the 24h check, accrued at least$155.00→Harvest and re-supply

Cadence · 24hLast compound · 12h agoNext check · in 3h

WETH/USDC LP · What defeats the reaction

What would have to break

Every row is a mechanism and the clock it runs against. Nothing here is a probability.

What can be closed

No borrow. No liquidation line on the deposit.

The perp short holds 33% of the deposit as margin and reserve. That leg can be closed against you.

Short margin ratio33.3%
Short's own liquidationnot measured

Automations compile in shadownot armed→nothing acts yet

Faster than we act

Recentering WETH/USDC LP at the capThe recenter crosses share of pool liquidity in range.$2.3M→33.3% · every 5 min

Acts and still loses

The pool leg and the ETH perp legThey settle separately, on separate venues.structural

Takes the yield, not the capital

Price leaving the WETH/USDC LP rangeOut of range the position stops earning fees.1,600 actions/yr

1 thing this vault does not measure

Oracle, bridge, stablecoin and RPC healthNot watched by this vault. Their state never crosses into WETH/USDC LP.not measured

Envelope, bands and thresholds are the vault's published parameters.

Performance

Share value, modeled

1.0114

Deterministic model from inception at the vault's modeled APY. 1.0000 at inception.

Returns

Since inception 142d+1.14%

7d return modeled+0.04%

30d return modeled+0.25%

Parameters

MarketWETH/USDC LP

VenueAerodrome · Base

Range width±2.5%

Recenter triggerprice at 60% of the half-range

Hedge venueAvantis · Base

PricingPriced from the product’s own model, not from a scan

Hedge leverage3.00x

Margin reserve15% of short notional

Hedge coinETH perp

Harvest threshold$155

Compound cadence24h

Capacity$2.3M

Capacity bindinglimited by the modeled pool depth

Rangefees accrue inside ±2.5% of spot

Delta band±0.5%

Main riskPrice leaves the ±2.5% range. The position goes one-sided, fees stop, and the recenter pays the spread to re-enter. The perp hedge cancels the price leg, not the range exit.

Margin rule13% → 28%

Remaining capacity$1.3M

Min deposit$50

Compute fee20% of yield, at harvest

Settlement fee2% of each deposit

Management feenone on idle capital

Withdrawal feenone on principal

Composed modules

Liquidity sourceHolds the position on the venue and market this vault runs on.

Auto centerRecenters the liquidity range when price walks toward an edge, so fees keep accruing.

Dynamic hedgeRuns a perp short against the position so price moves cancel, and keeps its margin funded.

Auto-compoundSweeps earned yield back into the position once it clears the harvest threshold.

Activity

Action	Detail	Time
Compound executedmodeled	$154.29 re-supplied	12h ago
Range recenteredmodeled	±2.5% rebuilt around spot	1d ago
Hedge trimmedmodeled	margin restored to 28%	2d ago
Compound executedmodeled	$158.86 re-supplied	2d ago
Range recenteredmodeled	±2.5% rebuilt around spot	4d ago
Compound executedmodeled	$149.56 re-supplied	4d ago
Range recenteredmodeled	range reset to ±2.5% of spot	5d ago
Range recenteredmodeled	±2.5% rebuilt around spot	6d ago

Earlier activity truncated