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HLP (Hyper Liquidity Provider) is Hyperliquid’s main protocol vault and one of the two Liquid Earn programs. Unlike a user-run vault, HLP is a protocol-managed, community-owned vault that helps power the exchange itself.

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HLP functions

  • Provides liquidity to Hyperliquid through multiple market-making strategies
  • Takes over positions in backstop liquidations
  • Accrues a portion of trading fees
HLP can lose money, for example during sharp market moves. Past performance doesn’t guarantee future results.

Open HLP from Home, For You, Earn and check its APY history

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Deposit

On Home, open For You and scroll to Earn. Tap HLP Vault, then Deposit. The screen shows your balance, the current APY and the vault’s APY history.

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Limits and lock-up

  • Minimum deposit: $5.
  • Minimum withdrawal: $10.
  • HLP has a 4-day deposit lock-up: withdrawals become available 4 days after your most recent deposit.
HLP isn’t passive savings. Its funds are actively traded, so your balance can go down as well as up. To compare it with the Gauntlet vault, see What is Liquid Earn?.