Hi' Oliver, and welcome to the FFF.
As you reckon there is no insect life in the lake/tarn, and it is oligitrophic, there would be very little for anything to feed upon sub-surface. For daphnia to be present, there would have to be some algae, which is the basic food form of fresh water fisheries.
As your trout rise, but are difficult to attract to the fly, and nothing appears to be visible on the surface, there are limited possibilities to explain what is going on.
If there is some silt in the lake, you should have midges, and as they can be very small indeed, rises to buzzers or even adults is a possibility. Another possibility is small terrestrial beetles. Then, as the fish appear to be right in the surface film with their noses, it is very likely that the fish have a tiny window at the time they display this feeding behaviour in calms. It is possible that a targeted fish will not have your fly in its window at a distance of a centimetre or two, which Zoomer's observation implies; leaving the dry fly or flies out there among a group of cruisers should mean that one will see them.
I once read a tip regarding fish that were hard to cover accurately. It was, basically, the presentation of a team of three tiny dries only about a foot apart. Casting them in a calm should not be too big a problem, and I suppose it is meant to give the impression of a little localised hatch, or fall, of tiny insects.
To be fair, I have not tried this method, it is just something I pass on. Is there any algae in the shallows? Last bit of advice; kill a fish and have a look at the stomach contents. There is nothing to be ashamed of in killing a trout or two. After all, that was once the prime reason/excuse for fishing, and according to the late Hugh Falkus, whose interest in conservation could not be doubted, the only acceptable reason for hooking and playing a trout was to put it on the table, provided it was of keepable size. I kill a few trout each season, and my conscience doesn't bother me. A lot die every year of old age, what's the problem?? Killing a few would probably benefit the remainder. Hope that helps. TerryC
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