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Centaur Strategies are public trading pools (“vaults”) operated by Centaur on the Lighter perpetuals exchange. Each vault is anchored to a single public trader tracked by Centaur. The vault trades Centaur’s own interpretation of that trader’s public signals, not a copy of the trader’s actual book. The vaults are a live, capital-at-risk expression of what Centaur does: turn unstructured public trader activity into structured, actionable positions.
The tracked traders are not affiliated with Centaur, do not operate these vaults, and have not endorsed them. See Disclosures & Disclaimers.

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What a vault does

  1. Tracks one trader. Centaur monitors the trader’s public posts and extracts trade signals through its extraction pipeline.
  2. Interprets the signal. Centaur decides which signals to act on, how to express them on Lighter, and how to size and risk-manage them. Some vaults invert the signal rather than follow it.
  3. Trades on Lighter. Positions are opened and managed inside the vault. Depositors share pro rata in the vault’s P&L.
  4. Publishes its reasoning. Each vault has a page documenting why its trades were taken.

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Active vaults

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Standard vault parameters

Fee mechanics follow Lighter’s public pool rules. How Centaur uses operator fees is described in Fee Usage.

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Where to go next

Methodology

How signals become positions.

Disclosures & Disclaimers

Affiliation, conflicts, and risk.

Fee Usage

What operator fees fund.
Last modified on September 29, 2026