Meridian Liquidity Provider

Accountable

MLP · USDe · Robinhood Chain · live since Jul 29, 2026

Curated by

Meridian Liquidity Provider (MLP) launches in two phases: a pre-deposit phase, in which capital is staged and earns a base yield, followed by a live trading phase running a cross-exchange market-making strategy. Phase 1 — Pre-deposit. Deposits are held in USDe. For the duration of the pre-deposit phase, depositors earn the USDe base rate and accrue both Ethena points and Meridian points. No trading strategy is active during this phase and capital is not deployed to trading venues. Phase 2 — Live trading. MLP runs a market-making strategy between Meridian perpetuals and external exchanges. Kappa Lab provides liquidity on one venue and manages the offsetting exposure on the other, so returns are driven by spread capture rather than by market direction. Strategy execution runs through Neutral Trade infrastructure.

Net APY

6,34 %

No rewards — no active campaigns.

Realised over 90 days

+ 1,10 %

6,19 % annualised, over 65 days

Total value locked

$ 2,23M

Supplied by every holder, at current prices.

Reward APR

—

No campaigns running on this vault.

Performance fee

0,00 %

Taken by the curator from the yield earned.

Share price

$ 1,0108

1,011 USDe per whole share

Yield over time

Growth of one share, in USDe — share price only, before campaign rewards.

APY over time

The published net rate, as the indexer recorded it.

No APY history available

Accountable publishes the current rate only, not a series. The curve above shows what the vault actually earned.