LP CAPITAL STACK MODEL | Notion

(Jenex Target Mix)

🎯 Final Healthy Stack

LP Type	Share	Role
Retail LP	35%	Sticky baseline liquidity
Market Makers	40%	Spread + execution quality
Whales/Funds	25%	Depth + confidence signal

Capital Behavior Model

Retail LP

Yield sensitive
Slow exit velocity
Stabilizes floor TVL

Fund LP

Return optimized
Expands during proven yield phase
Signals legitimacy

Market Makers

Not yield driven
Volume driven
Stabilizes spreads

Stack Stability Pyramid

    Market Makers (Execution)
  ───────────────────────────
    Fund LP (Depth Capital)
  ───────────────────────────
    Retail LP (Base Layer)

System Goldilocks Zone (Ideal)