diff --git a/crates/core/component/dex/src/state_key.rs b/crates/core/component/dex/src/state_key.rs
index 6ce4e5ccb6..b920bea4ed 100644
--- a/crates/core/component/dex/src/state_key.rs
+++ b/crates/core/component/dex/src/state_key.rs
@@ -119,6 +119,82 @@ pub fn aggregate_value() -> &'static str {
     "dex/aggregate_value"
 }
 
+pub mod lqt {
+    pub mod v1 {
+        pub mod lp {
+            pub mod lookup {
+                use penumbra_sdk_asset::asset;
+
+                pub(crate) fn _prefix(epoch_index: u64) -> String {
+                    format!("dex/lqt/v1/lp/lookup/{epoch_index:020}/")
+                }
+
+                // A lookup index used to update cumulative volumes.
+                /// It maps an trading pair (staking token, asset) to the cumulative volume of outbound liquidity.
+                ///
+                /// # Key Encoding
+                /// The lookup key is encoded as `prefix || asset`
+                /// # Value Encoding
+                /// The value is encoded as `BE(Amount)`
+                pub(crate) fn _volume_by_pair(epoch_index: u64, asset: asset::Id) -> [u8; 74] {
+                    let prefix_bytes = _prefix(epoch_index);
+                    let mut key = [0u8; 74];
+                    key[0..42].copy_from_slice(prefix_bytes.as_bytes());
+                    key[42..42 + 32].copy_from_slice(&asset.to_bytes());
+                    key
+                }
+            }
+
+            pub mod by_volume {
+                use anyhow::{ensure, Result};
+                use penumbra_sdk_asset::asset;
+                use penumbra_sdk_num::Amount;
+
+                pub fn prefix(epoch_index: u64) -> String {
+                    format!("dex/lqt/v1/lp/by_volume/{epoch_index:020}/")
+                }
+
+                /// Tracks the cumulative volume of outbound liquidity for a given pair.
+                /// The pair is always connected by the staking token, which is the implicit numeraire.
+                ///
+                /// # Encoding
+                /// The full key is encoded as: `prefix || asset || BE(volume)`
+                pub(crate) fn _key(
+                    epoch_index: u64,
+                    asset: &asset::Id,
+                    volume: Amount,
+                ) -> [u8; 93] {
+                    let prefix_bytes = prefix(epoch_index);
+                    let mut key = [0u8; 93];
+                    key[0..45].copy_from_slice(prefix_bytes.as_bytes());
+                    key[45..45 + 32].copy_from_slice(&asset.to_bytes());
+                    key[45 + 32..45 + 32 + 16].copy_from_slice(&(!volume).to_be_bytes());
+                    key
+                }
+
+                /// Extract the cumulative amount of liquidity from a fully specified key.
+                ///
+                /// # Errors
+                /// This function will return an error if the key is not 72 bytes. Or, if the
+                /// key contains an invalid asset identifier.
+                pub(crate) fn _parse_key(key: &[u8]) -> Result<(asset::Id, Amount)> {
+                    ensure!(key.len() == 93, "key must be 93 bytes");
+
+                    // skip the first 45 bytes of prefix
+                    let raw_asset: [u8; 32] = key[45..45 + 32].try_into()?;
+                    let asset: asset::Id = raw_asset.try_into()?;
+
+                    let raw_amount: [u8; 16] = key[45 + 32..45 + 32 + 16].try_into()?;
+                    let amount_complement = Amount::from_be_bytes(raw_amount);
+                    let amount = !amount_complement;
+
+                    Ok((asset, amount))
+                }
+            }
+        }
+    }
+}
+
 pub(crate) mod engine {
     use super::*;
     use crate::lp::BareTradingFunction;