Hyperliquid HLP (Hyperliquidity Provider) Vault
HLP (Hyperliquidity Provider) is Hyperliquid's community-owned protocol vault, not an individual trader's vault. Depositors share its gains and losses; returns are not guaranteed.
HLP vault address: 0xdfc24b077bc1425ad1dea75bcb6f8158e10df303. Compare Hyperliquid vaults for other strategies, or review HLP's positions, deposit state and withdrawal rules below.
- TVL
- $150.3M
- 30d Return
- +0.0%
- Risk Score
- 12/100 (low)
Hyperliquidity Provider (HLP) Hyperliquid vault: TVL, performance, risk
If you searched for Hyperliquidity Provider (HLP) on Hyperliquid, this is the live VaultVision scanner page for that vault. Current snapshot: $150.3M TVL, — APR, +0.0% 30-day return, +0.9% 90-day return, 0.3% 30-day max drawdown, and 12/100 VaultVision risk score. HLP is a protocol vault, not an individual leader's strategy.
Use this page as the detail view, then compare it against Hyperliquid vault TVL rankings, the vault scanner, and the compare view before allocating.
What is HLP on Hyperliquid?
The Hyperliquidity Provider (HLP) is Hyperliquid's protocol market-making vault. Depositors supply capital used for on-book liquidity and liquidation handling, then share gains and losses pro rata. It is market exposure, not a fixed-yield savings product.
Hyperliquid HLP live vault snapshot
Checked November 03, 2026 at 11:28 UTC. The current VaultVision snapshot shows APR unverified, $150.3M TVL, 0.3% 30-day daily-close drawdown, and 12/100 historical-model risk. Recheck live positions and deposit state before acting because these values change with the vault.
Read the HLP mechanics and risk explainer, compare quality-gated leader vaults in the HLP comparison hub, or inspect the Hyperliquid vault TVL rankings, HLP alternatives screen, and HLP vs LLP research.
Compare HLP with quality-gated leader vaults
Use the live HLP comparison index to review TVL, risk, drawdown, deposit status, and entry context side by side. VaultVision does not treat one APR or risk score as a permanent winner.
Need a decision-ready record on Hyperliquidity Provider (HLP)?
VaultVision checks history integrity, drawdown, exposure, concentration, capacity, lockup, fees, flow, and unresolved risks against one explicit decision. Current context: $150.3M TVL and risk score 12/100.
Performance snapshot for Hyperliquidity Provider (HLP)
- 30-day cumulative return: +0.0%
- 90-day cumulative return: +0.9%
- Max drawdown (30d): 0.3%
- Volatility (30d): 0.1%
How to verify HLP risk and drawdown
VaultVision's historical risk model uses recorded PnL and account-value observations, with at least 24 consecutive completed UTC daily returns in a trailing 30-day window. Daily-close drawdown can miss intraday losses. A low score is not a safety rating and does not measure consolidated HLP positions, smart-contract risk or future liquidation losses.
Read the public formulas and limitations and inspect HLP source observations and calculations. Missing or stale evidence stays unavailable; it is not replaced with a zero-risk estimate.
HLP positions and deposit status
Use this snapshot to review HLP's current state, not as an allocation recommendation. Current entry label: Insufficient evidence. Deposit preflight: protocol_open. The available address-level snapshot shows $10.8M equity, $6.8M gross exposure, balanced bias, and -$4.8M estimated 24-hour net flow. These are partial point-in-time public-state fields, not consolidated HLP exposure, a liquidation forecast or an exact deposit ledger. Consolidated HLP position coverage is unverified, so the entry score is withheld. An empty position list does not establish that HLP has no exposure. Use the Hyperliquid vault scanner for leader-vault discovery, HLP comparisons for side-by-side choices, and the HLP model explainer for mechanics.
How the Hyperliquid HLP model works
HLP combines multiple market-making strategies, liquidation handling, USDC supplied in Earn, and a portion of protocol trading fees in one vault. Depositors receive a pro-rata share of the resulting gains or losses. The model has no fixed return and should not be treated as a savings rate.
Source: Hyperliquid protocol-vault documentation (mechanics checked October 15, 2026). These rules are separate from VaultVision's modeled risk and entry labels.
Why HLP performance changes
HLP APR is not fixed. Market-making spreads, funding, liquidation flow, inventory, and one-sided market moves can all change the vault's return. Read the current APR beside drawdown, positions, risk, and the withdrawal lockup rather than projecting one snapshot forward.
What can make HLP lose money?
- Inventory risk: positions can move against HLP while it provides liquidity.
- Liquidation and ADL risk: distressed positions can be routed into the vault during thin or manipulated markets.
- Exit timing: the withdrawal lockup can prevent an immediate exit during a fast-changing market.
For mechanics and historical incident context, read the Hyperliquid HLP model explainer. For a current side-by-side decision, open the HLP comparison hub.
Use VaultVision to compare this Hyperliquid vault
Open the scanner views that matter before depositing: rankings, risk, drawdown, TVL, alerts, and manual mirror research. These pages are rendered from the same VaultVision backend snapshot as this vault page.
Frequently asked questions
What is HLP on Hyperliquid?
How does the Hyperliquid HLP model work?
Is HLP a guaranteed-yield vault?
When can I withdraw from HLP?
What is the current return of Hyperliquidity Provider (HLP)?
How risky is Hyperliquidity Provider (HLP)?
Is HLP an individual trader's vault?
Where can I deposit into HLP?
What is the TVL of Hyperliquidity Provider (HLP)?
What should I check before depositing into Hyperliquidity Provider (HLP)?
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