LONG-TERM CAPITAL MANAGEMENTAN INDEPENDENT ONCHAIN PROJECT PRELAUNCH
LT
CM
Long-Term
Capital ManagementTHE NEXT CHAPTER
A NEW CHAPTER IN CAPITAL

The long term
starts again.

An infamous name in finance.
A new life onchain.

Stock markets. Systematic liquidity. A proposed token model built around the trading fees the book earns. Welcome to the next chapter of Long-Term Capital Management.

Connecting market data · Trading has not launched
LTCM / RESEARCH OFFICEMEMORANDUM 001
LONG-TERM CAPITAL
MANAGEMENT
I.

ON PROBABILITY & HUMAN NATURE

The model is not
the market.

−2σ−1σμ+1σ+2σAnd then, 1998.

Markets have a memory.
So should their models.

A SECOND
CHAPTER
FIG. 01 · EXPECTATION IS NOT CERTAINTY
EST. IN HISTORY, 1994RECONSIDERED, 2026
THE TAPE REFERENCE PRICES
$LTCM / PROPOSED ECONOMICS

Capital should
have a job.

Trading creates fees.
Fees put liquidity to work.
The book pays its holders.

The proposed $LTCM model follows the reference desk’s economics: a fee on token trades helps fund liquidity in stock-token pools. A share of the fees those positions earn is distributed to holders.

Read the proposed allocation
For every $100 traded$4.00 total fee
$2.75
$1.00
2.75% Stock liquidity0.25% Operations1.00% Trading rail
80% of earned LP fees → holders
20% retained by the desk. Principal remains protocol-owned.

Proposed terms. Distributions depend on actual fee income and may be zero. Liquidity positions can lose value.

CONNECTING TO ROBINHOOD

The world doesn’t
trade in theory.

Stock-token data from Robinhood.
Reference prices with source timestamps.
Execution opens after contract verification.

Asset / SymbolNetworkReference priceQuote statusUpdatedAction

Reference values use the underlying bid/ask midpoint adjusted for each token’s share multiplier. They are not executable swap quotes. Stale or halted prices are withheld.

Source: Robinhood stock-token API.

Let the book
do the work.

A planned vault for stock-token liquidity. Explore the proposed profit fee while the LTCM desk is in development. Deposits are not open.

Deposit fee
None
Profit fee on withdrawal
5%
When the position loses value
No profit fee
IN DEVELOPMENT
A NOTE ON THE NUMBERS

Run the arithmetic.

A fee illustration. Set your own hypothetical outcome.

−50%0%+50%
Profit / loss
Desk fee
After-fee value

Illustration only. Excludes execution costs, slippage, and other risks. This is not a forecast.

Yes.
That Long-Term.

199419982026

Brilliant minds.
An extraordinary rise.
A very human ending.

Founded by John Meriwether in 1994, the original LTCM brought together celebrated traders and economists, including Myron Scholes and Robert C. Merton. In 1998, leverage and market turmoil brought it to the edge of collapse.

This independent project borrows the name and remembers the lesson: a model is a way of seeing the market. It is never the whole market.

Read the original story

Not affiliated with the former LTCM partnership, its principals, or Robinhood.

Before you
take a position.

Is $LTCM live?+

Not yet. The site reads Robinhood’s stock-token market data and supports browser-wallet connection. The LTCM token, trading contract, and deposit vault have not been verified or connected. No funds are accepted.

What are the three products?+

The planned marketplace is for stock-token trades. The liquidity desk is a separate vault product. The proposed $LTCM token model funds protocol-owned liquidity and distributes a share of earned LP fees. These transaction services are not yet open.

How would the fees work?+

The proposed marketplace fee is 5% per buy or sell. The liquidity desk would charge 5% of positive profit on withdrawal. The $LTCM token fee model is 4% total, allocated as shown above. Final terms require confirmation before launch.

Does the name imply guaranteed returns?+

No. Market exposure, liquidity positions, and smart contracts can lose value. Fee income can be zero. Historical prestige provides no protection against losses.

LTCM

Take the long view.

Explore the desk

History is the reference.
The next chapter is ours to write.

At the desk

Official token data · Robinhood Chain

Reference value per token
Quote status
Source updated
Shares per token

This reference is not a swap quote. Token prices and executable amounts can differ with liquidity, slippage, and fees.

View token contract ↗

Trading has not opened. No LTCM desk contract is connected, and this website cannot request a trade or token approval.

Your wallet

Connect to the desk.

View your address, network, and ETH balance. No signatures, token approvals, or transactions are requested.

Connection is stored in this tab only. Your wallet provider receives balance requests. Disconnecting clears the site session; manage wallet permissions in your wallet.

Network setup instructions ↗

Disclosures

Know the context.

This website is an independent LTCM project inspired by the historical partnership. It is not an investment fund or an offer to invest in that partnership.

Stock-token identity and reference pricing are sourced from Robinhood’s public API. Stale, halted, or unavailable prices are withheld. Wallet connection permits read-only account and network access. No LTCM trading or vault contract is connected.

Trading remains unavailable until contracts, settlement, fees, and operating services are verified. Tokens and liquidity positions can lose all their value; returns are never guaranteed.

Market data documentation ↗