BTC -30%. LP +109%. Live on Arbitrum.

BTC Down 30%, LP Up 109%

Markets crashed. BTC dropped 30%. Most portfolios bled. Snuggle LP positions returned +109%.

This is not magic. It is concentrated liquidity working as designed, amplified by Snuggle's zero-swap rebalancing.

How LPs Profit in Bear Markets

Concentrated liquidity positions earn fees from every swap that happens within their range. During volatile markets, trading volume increases dramatically. More swaps mean more fees.

The key is staying in range. When price moves sharply, a position that goes out of range earns nothing. Snuggle's automated keeper monitors all positions and rebalances them back into optimal ranges. The tighter the range, the higher the fee capture per dollar of liquidity.

Zero-Swap Rebalancing Advantage

Every rebalance by a traditional LP manager involves swapping tokens. In a bear market, these swaps lock in losses. Snuggle's zero-swap approach:

1. Burns the existing position
2. Mints a new position at the current price using existing token balances
3. No swaps, no slippage, no MEV, no swap fees

This single innovation reduces impermanent loss by approximately 50%. In a 30% drawdown, that difference is enormous.

Live on Arbitrum

Snuggle expanded to Arbitrum in February 2026. The deployment supports four DEXes:

• Uniswap V3: The largest concentrated liquidity DEX
• SushiSwap V3: Strong volume on Arbitrum
• PancakeSwap V3: Growing presence on Arbitrum
• Camelot V3: Arbitrum-native DEX with unique fee structures

Same vault architecture, same zero-swap rebalancing, same automated management. All the infrastructure that delivered these returns on Base is now available on Arbitrum.

Performance Breakdown

The +109% return comes from concentrated liquidity trading fees accumulated over the measurement period. Snuggle's 15% performance fee applies only to these earnings, so depositors kept 85% of the gains.

Even with the fee, depositors earned over 90% returns while HODLers lost 30%. That is a 120%+ outperformance gap.