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Liquid Earn is a set of programs that put your idle USDC to work. You deposit into a vault, the vault runs a strategy, and your share of the result is your yield. Yield varies and isn’t guaranteed.

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The two programs

Gauntlet vault

A lending-strategy vault curated by Gauntlet. Minimum deposit $1, new deposits lock for 1 hour.

HLP vault

Hyperliquid’s protocol vault: market making and liquidations. Minimum deposit $5, 4-day lock, can lose money.

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How vaults work

A vault is an on-chain pooled account. When you deposit:
  • Your funds are pooled with other depositors.
  • The vault runs its strategy, such as lending or market making.
  • You share in the vault’s profit and loss (PnL) in proportion to your share of the pool.
  • You take on the strategy’s risk. Vaults can lose money.
On Hyperliquid’s standard user-run vaults, the vault leader takes a 10% share of profits. That profit share does not apply to protocol vaults like HLP.

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Open Earn

On Home, open For You and scroll to Earn. Each row shows its current APY. Tap Liquid LP Vault (Gauntlet) or HLP Vault (Hyperliquid).
Earn is not a bank account and isn’t insured. Depositing is not passive savings: past performance doesn’t guarantee future returns, and you can lose part or all of your deposit.