TRUSS LP vaults
Strategy
At any moment your vault holds either one concentrated range or no position at all. The bot decides which, and how wide, all the time.
What the bot weighs
- Emissions - what the pool’s gauge is paying right now.
- Volatility - how much the price is moving, including sudden jumps.
- Costs - what each rebalance costs in swaps.
- Your vault’s size - a big position dilutes its own emissions.
A narrower range earns more while the price stays inside it, but it also loses more to price movement and needs rebalancing more often. Concentration amplifies whatever a pool pays after its volatility; it can’t turn a losing pool into a winning one.
Three states
| State | When | Position |
|---|---|---|
| Tight | Calm markets | Narrow range |
| Wider | Busier markets | Wider range |
| Out of pool | No range is expected to earn its costs | No position - the vault holds the pool’s tokens and waits |
Going out of pool is deliberate: it stops the loss to volatility at the point where it would outweigh the emissions. The bot enters again when a range is worth holding.
No price forecasts
The strategy doesn’t bet on which token rises. It earns from providing liquidity, in pools where that is expected to pay. See Benchmarks for how that is measured, and How to for the three states on a chart.
The simulator runs the same strategy as the bots, so the rankings show what a vault would have done in that pool. A pool that can’t pay for its volatility won’t rank well.