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btc-21d ·· mocktestnet alpha

snipe.exchange / vault · plp · sui-native

Be the liquidity.Earn the spread.

Provide liquidity to DeepBook Predict’s shared vault as a PLP. Earn fees across every market priced by the vault — BTC, ETH, ranges, and beyond.

Join the PLP waitlist Model the trade

plp sharesfees from every contractrisk

vault · plplive · Sui testnet
TVL · Sui testnet
— to confirm
APR · 30d · Sui testnet
— to confirm
risk — vault participation can lose principal. PLP returns are not guaranteed and depend on market activity, fee accrual, and drawdown.
[ 01 — How PLP works ]

One vault prices every market.

You deposit collateral, the vault prices contracts on demand across every market, and your PLP share earns a pro-rata cut of the fees. The full argument is in the research essay.

  1. 1.0

    Deposit collateral.

    Stablecoin in, PLP share out. Your share is denominated against the vault’s NAV — marking cadence — to confirm.

    in → usdc · out → plp share
  2. 2.0

    Earn from every contract.

    The vault prices every listed market — BTC up/down first, ETH and SOL next, ranges alongside. Fees flow back to PLP shares; no per-market allocation to manage.

    btc · eth · ranges → fees
  3. 3.0

    Redeem your share.

    Withdrawal and redemption mechanics follow DeepBook’s final spec — — to confirm. See the docs when they publish.

    redeem → spec to confirm
[ 02 — Model the trade ]

Compute the other side.

Set a strike, a range and a leverage tier — this is the trade the vault is on the other side of. The fee line is what a PLP share earns from. The math is a simplified linear model; actual DeepBook Predict values differ.

90,000110,000
directional± 5,000

Leveragemoderate

higher tiers liquidate sooner — the terminal shows your liquidation price before you sign

Payout — moderate tier
50.00×on a $1,000 position · implied prob. 20.0 %
break-even
98,500
liq. window
97,500 ↔ 99,500
max loss
$1,000
fee est.
$0.40 (0.04 %)→ accrues to the vault · plp

risk — simplified linear model, not a promise of payout. Protocol values may differ. Principal at risk.

risk disclosure

PLP participation involves substantial risk including potential loss of principal. Returns are not guaranteed and depend on market activity, fee accrual, and drawdown. Vault counterparty exposure is to traders’ aggregate PnL — sustained trader wins draw down the vault. Withdrawal and rebalancing mechanics are not yet finalized — — to confirm against DeepBook’s final spec.

Snipe runs on Sui testnet; test-network funds have no monetary value. Mainnet functionality and parameters may differ.

vault · plp · sui-native · 2026 ·

Be the depth. Earn the spread.

The vault and PLP shares open with mainnet. The waitlist is open now — send a Sui address and we reply by mail when deposits open. No spam; you’ll hear from us once.

Join the waitlist Open terminal

alpha@snipe.exchange · subject: plp waitlist · include a sui address