LP Regime · Research

Research Notes

Methodology, risk, and regime behavior. No signals. No predictions.

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Why LP Regime Uses High & Low Prices Instead of Daily Closes

Methodology · 5 min read

Liquidity positions are stressed intraday. High/low captures range violations that closes can hide.

How Many Range Breaks Are Acceptable for Liquidity Providers?

Methodology · Risk · 6 min read

Not all “out of range” events are equal. LP Regime v2 allows controlled breaks without calling the regime invalid.

Single-Sided LPs as a Structured Profit-Taking Tool

Education (Advanced) · 7 min read

Use LP ranges to DCA out of spot positions into stablecoins while earning fees — without guessing tops.

Why APR Alone Is a Dangerous Metric for Liquidity Providers

Risk · Education · 6 min read

APR often spikes during chaos. Regime quality must come first, or APR becomes a trap.

Foundations

First-order LP mechanics · Structural risk · Decision framing

Why Liquidity Providers Lose Money in Trending Markets

Foundations · Risk · 6 min read

Why time out of range, inventory drift, and range stress often overwhelm fees during sustained trends.

Why Doing Nothing Is Sometimes the Best LP Decision

Foundations · Decisions · 5 min read

Why LP OFF is a legitimate outcome when market structure fails to respect defined ranges.

What Liquidity Providers Get Wrong About Risk

Foundations · Risk · 6 min read

Why impermanent loss is incomplete without understanding volatility regimes and range behavior.

Structure

Volatility · Acceptance vs rejection · Market mechanics

How Volatility Expansion Breaks LP Ranges

Structure · Volatility · 7 min read

Why volatility expansion invalidates otherwise well-constructed LP ranges.

Range Acceptance vs Range Rejection in LP Markets

Structure · Market Behavior · 6 min read

How to distinguish healthy range interaction from structural rejection.

Why Liquidity Providers Are Structurally Short Volatility

Structure · Risk · 6 min read

Why LPs benefit from compression and are stressed during expansion phases.

Decisions

LP ON / LP OFF · Invalidation · Deployment rules

LP ON vs LP OFF: A Decision Framework

Decisions · Framework · 6 min read

A non-directional framework for deciding when LP deployment is structurally allowed.

How Many Range Breaks Invalidate an LP Strategy?

Decisions · Risk · 6 min read

Defining tolerable versus invalidating range violations.

When APR Becomes a Trap for Liquidity Providers

Decisions · Yield · 5 min read

Why high APR often coincides with deteriorating market structure.

Market Conditions

Monthly regime snapshots · Environment tracking

ETH/USDC LP Market Conditions — January 2026

Conditions · ETH/USDC · January 2026

Observed regime behavior and range performance for ETH/USDC LPs.

Market Conditions Archive

Conditions · Historical

Archived monthly LP market condition reports.

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