Copy LP

Automatically copy the strategies of successful liquidity providers

What is Copy LP ?

Our Copy LP feature allows you to automatically replicate the positions and strategies of experienced liquidity providers on LP Agent.

• Find successful wallets
• Copy their moves
• And potentially achieve similar returns without needing deep market knowledge.

How to Copy a Wallet

Follow these steps to start copying a successful LP:

1. Prerequisite: Delegate & Fund Copy Wallet

   Before you can copy, you need to create a dedicated wallet for Copy LP operations. This involves delegating authority to LP Agent for this specific wallet and funding it with the SOL or USDC you want to use for copying. This keeps your main wallet funds separate and secure.

   Watch this guide for detailed instructions:
2. Find a Wallet to Copy

   Browse the Portfolio Leaderboard or explore user profiles to find wallets with performance metrics you like.

3. Click 'Copy'

   Copy button

   Once you’ve chosen a wallet, navigate to their profile and click the “Copy” button.

4. Configure Copy Settings

   LP Agent Copy LP Setting

   Set up your copy parameters:

   • Copy Percentage: Allocate a percentage of value you want to copy
   • Max Amount: Set a maximum total value (in SOL or USDC) that this copy strategy can use.
   • Take Profit (TP): Automatically stop copying and secure profits when the copied position reaches a certain % gain.
   • Stop Loss (SL): Automatically stop copying to limit potential losses if the copied position reaches a certain % loss.

   Example:

   • Your settings: Copy 50%, Max amount $30
   • If original wallet: Open a position $20, you open a position worth $10 ($20*50% = $10)
   • If original wallet: Open a position $100, you open a position worth $30 ($100*50% = $50 but it is bigger than Max Amount, so Max Amount is used)
5. Start Copying

   Confirm your settings and activate the copy trade. LP Agent will now automatically replicate the selected wallet’s LP actions within your defined parameters.

Key Configuration Details

• Proportional Copying: Trades are typically copied proportionally based on the percentage you allocate relative to the copied wallet’s size and your available capital.
• Risk Management: TP and SL settings apply specifically to your copied position, allowing you to manage risk independently.
• Dynamic Adjustments: LP Agent monitors the source wallet and automatically adjusts your copied position when they make changes (e.g., rebalancing, adding/removing liquidity), respecting your max amount and risk settings.

Frequently Asked Questions

Why do I need to delegate authority and fund a separate wallet for Copy LP?

Delegating authority to a separate, dedicated wallet allows LP Agent to execute copy trades automatically on your behalf without needing permission for every single transaction. Funding this specific wallet defines the capital allocated exclusively for your Copy LP activities, separating it from your main funds and enhancing security. It ensures LP Agent can only access the funds you’ve explicitly designated for copying.

How exactly does copying work?

When you copy a wallet, LP Agent monitors the source wallet’s LP actions on supported protocols (Meteora). When they open, close, or modify a position, our system automatically replicates that action in your account, scaled according to your settings.

Can I copy more than one wallet?

Yes, you can copy multiple wallets simultaneously, allocating different amounts or percentages of your capital to each, as long as you have sufficient funds.

How are opening and closing positions handled when copying?

When the source wallet opens a new position, LP Agent will automatically perform a “zap-in” transaction for you using your chosen base token (typically SOL or USDC) to create the equivalent position according to your copy settings (percentage, max amount). Similarly, when the source wallet closes a position, LP Agent will automatically “zap-out” your corresponding position, converting the assets back to your base token.

What happens if the wallet I'm copying changes their strategy?

Your copied position will automatically follow the changes made by the source wallet, provided the actions align with your configured settings (Max Amount, TP, SL).

Are there extra fees for using the Copy LP feature?

Please refer to our standard Fee Structure documentation. The usual zap-in/zap-out fees apply if single-token operations are required to replicate trades. There are no specific additional fees just for copying.

How do I stop copying a wallet?

You can stop copying any wallet at any time through your dashboard. Go to your “Copy LP” section, select the active copy, and choose the “Disable” option.

What are the risks involved in Copy LP Trading?

While Copy LP Trading allows you to leverage the expertise of others, it still involves risks. Past performance is not indicative of future results. The wallet you copy might make poor decisions, or market conditions could change rapidly. Always use the risk management tools (SL/TP, Max Amount) and only invest capital you can afford to lose.

What happens if I set a Take Profit (TP) or Stop Loss (SL) on my copied position?

Your copied position will be closed or adjusted based on whichever condition is met first: either your predefined TP/SL level is reached, or the wallet you are copying takes an action (e.g., closes their position). This ensures your risk management settings are respected while still following the source wallet’s activity.

Copy LP Trading is a powerful tool, but it’s important to understand the risks and configure your settings carefully.