Automated liquidity for TON memecoins on DeDust.
LP Vaults run concentrated liquidity positions on DeDust pools — purpose-built for the volatility of TON memecoins. Deposit TON or USDT, and a keeper service handles minting, rebalancing, and compounding on your behalf.
Overview
Memecoins on TON move fast. Provisioning liquidity by hand means constant range management, missed fees when price drifts out of bounds, and idle rewards waiting to be claimed. LP Vaults remove that work: you deposit a single asset, receive vault shares, and a keeper does the rest — sizing positions, rebalancing across ticks as price moves, and reinvesting trading fees back into the position.
Each vault targets a specific memecoin pair (for example TON/MEME
or USDT/MEME). The strategy is the same; what changes per vault is
the pool, the tick range heuristics, and the slippage tolerance calibrated to
that asset's volatility.
How it works
-
Deposit
You contribute TON or USDT to the vault and receive vault shares proportional to your stake. Shares track your slice of the underlying position plus accrued fees.
-
Position management
The keeper splits the deposit into the two pool tokens, mints a concentrated liquidity position on DeDust within a tick range chosen for the pair's volatility profile, and registers it for fee accrual.
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Auto-rebalancing
Memecoin prices regularly drift outside narrow ranges. When that happens the keeper withdraws liquidity, swaps to rebalance the token ratio, recomputes an optimal range around the new price, and redeploys — keeping the position live and earning fees.
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Auto-compounding
Trading fees and any DeDust pool incentives are claimed periodically. A 10% performance fee is taken on rewards (converted to treasury USDT); the remainder is swapped to the underlying assets and re-added to the position.
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Withdraw
You can withdraw at any time. The vault burns your shares, pulls the proportional liquidity from the position, swaps the non-deposit token back to your chosen asset, and transfers the funds.
Fees
| Action | Fee |
|---|---|
| Deposit | 0% |
| Withdrawal | 0% |
| Trading fee compounding | 0% |
| Performance fee on rewards | 10% |
90% of performance fees collected by the protocol are routed to $VESPER buybacks. The remaining 10% covers keeper gas and infrastructure.
Slippage protection
All vault swaps — rebalances, reward conversions, and withdrawals — go through a slippage check. Tolerance is calibrated per pool tier so that thinner memecoin pairs get tighter guards than blue-chip pairs.
| Pool tier | Typical pair | Max slippage |
|---|---|---|
| Stable | USDT / USDC | 0.5% |
| Blue-chip volatile | TON / USDT | 1% |
| Memecoin (established) | TON / MEME | 1.5% |
| Memecoin (long-tail) | USDT / MEME | 2% |
Risks
Concentrated liquidity amplifies both fee yield and impermanent loss. A memecoin can move 50%+ in a single session, which the vault will rebalance around — but rebalancing realizes loss. Treat memecoin LP vaults as high-risk yield, not a stable savings vehicle.
- Impermanent loss: if the memecoin's price diverges sharply from your deposit point, the value of your share can fall below a simple hold of either token.
- Smart contract risk: vaults interact with DeDust pools and the Vesper keeper contracts. Audits cover both surfaces but no audit eliminates risk entirely.
- Pool liquidity: long-tail memecoin pools can become thin. Withdrawals during low-liquidity periods may incur higher slippage.
- Keeper liveness: rebalancing depends on the keeper service. Extended downtime can leave a position out of range and not earning.