Vault balance.
This is the dollar value of USDC currently held inside your Lyra custody account. It's measured in USDC because that's what you deposit and what you withdraw. It is not the value of the underlying LP positions in real time.
When agents are deployed into LP, the underlying pool tokens are held by program-derived accounts on your behalf. The vault balance number reflects the USDC equivalent of those positions, settled at the most recent reshape or harvest.
If you just deposited and the number hasn't changed, that's normal. The agents pick up new capital on their next allocation tick.
Lifetime PnL.
Lifetime PnL is a simple formula. Take your current balance, add everything you've ever withdrawn, subtract everything you've ever deposited. That's how much you've earned, in dollars, net of withdrawals.
If the number is negative, the agents have lost money on net so far. That can happen on short timeframes, especially during sharp moves where impermanent loss outpaces the fees collected. A vault with a negative PnL on day three is not the same as a vault with a negative PnL on day ninety.
We don't smooth this number. It's the actual on-chain delta. The math is auditable.
The allocation table.
The allocation table shows which agents your USDC is currently spread across, and what percent of the vault each one holds. Agent names like Solaris, Atlas, Mizu, and so on each correspond to a specific strategy on a specific pool.
Each agent has a mode badge next to it. Live means it's running with real capital on mainnet. Paper means it's running the same logic but trading a simulated balance, not real money. Paper agents are how we test strategies before we trust them with deposits.
If an agent is paused, you'll see a paused badge. That means we've stopped routing capital to it, usually because of a regime change or a known issue. Existing positions are still held safely. New deposits skip over paused agents until we resume.
The activity feed.
The activity feed is the unfiltered list of every on-chain action that touched your vault. Deposits, withdrawals, reshapes, fee harvests, rebalances. Each row links to Solscan so you can verify the transaction yourself.
A reshape event means an agent closed an old LP range and opened a new one. The size of the reshape and the pool involved are listed. Multiple reshapes in one hour are normal during volatile periods. Multiple reshapes in one minute are not, and would mean something is wrong.
We don't filter failures out of this feed. If a reshape attempt failed and was retried, you'll see both transactions. The point is honesty over polish.
In-range percent.
In-range percent shows what fraction of the time your active positions have been earning fees. One hundred percent in-range is rare and usually means the range is too wide. Eighty to ninety percent is healthy on most pairs. Below sixty percent is a warning sign that the agent is falling out of range too often relative to how often it's reshaping.
Use this number to sanity-check your fee yield. If in-range is high but yield is low, the pool itself isn't trading much. If in-range is low and yield is also low, the agent is mistuned and we should know.
Paper mode versus live.
Paper mode means an agent is making decisions but using a simulated portfolio, not real funds. A paper agent's allocation in your vault is always zero. We run paper agents to gather a real performance track record under live market conditions before we route deposits to them.
Live mode means the agent is trading real capital on mainnet. Only live agents hold any of your deposit. We promote a paper agent to live only after it shows a positive 30-day PnL on its paper book and passes a manual review.
When you read your dashboard, the number that matters for your wallet is the sum of allocations to live agents. Paper allocations are informational, not financial.
When something looks off.
If your vault balance hasn't moved in days, check the activity feed. If you see no recent reshapes and the market has been quiet, that's correct behavior. If the market has been loud and there are no reshapes, something is stuck and we should hear about it.
If lifetime PnL is moving sharply down for no obvious reason, look at the in-range percent and the recent reshapes. The most common cause of a bad day is a fast directional move that pushed positions out of range and forced reshapes at unfavorable prices.
We publish reshape outcomes unfiltered. The dashboard is meant to be a tool for you to keep us honest, not a marketing screen.