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Hyperliquid HLP (Hyperliquidity Provider) Vault

Hyperliquidity Provider (HLP) is a hyperliquid vault managed by 0x677d...84e7. Based on the latest metrics, it represents a balanced profile between yield and drawdown risk.

VaultVision is a live Hyperliquid vault scanner for TVL, APR, drawdown, risk score, entry quality, whale flow, alerts, and manual mirror research. This page is the product view for one vault, with links to the broader rankings and scanner pages below.

APR
-0.0%
TVL
$248.8M
30d Return
+5.5%
Risk Score
41/100 (moderate)

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: $248.8M TVL, -0.0% APR, +5.5% 30-day return, — 90-day return, 11.6% 30-day max drawdown, and 41/100 VaultVision risk score. Leader: 0x677d...84e7.

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 Hyperliquid HLP?

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 July 22, 2026 at 07:57 UTC. The current VaultVision snapshot shows -0.0%, $248.8M TVL, 11.6% 30-day max drawdown, and 41/100 risk. Recheck live positions and deposit state before acting because these values change with the vault.

Open HLP riskCompare HLPWatch alerts

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.

Live HLP benchmark

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.

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Vault Integrity Review

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: $248.8M TVL and risk score 41/100.

$750one vault · three business days · 30-minute handoff
Request $750 reviewSee deliverables

Performance snapshot for Hyperliquidity Provider (HLP)

  • 30-day cumulative return: +5.5%
  • Max drawdown (30d): 11.6%
  • Volatility (30d): 3.6%

How the Hyperliquid HLP model works

HLP combines multiple market-making strategies, liquidation handling, idle-USDC supply, 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.

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 Hyperliquid HLP?
HLP, or Hyperliquidity Provider, is Hyperliquid's protocol-run market-making vault. Depositors share the vault's gains and losses pro rata; HLP is market exposure, not a fixed-yield savings product.
How does the Hyperliquid HLP model work?
HLP provides on-book liquidity, handles liquidations, supplies idle USDC in Earn, and accrues a portion of trading fees. Read the HLP model explainer for mechanics and the live HLP page for current metrics.
What is the current return of Hyperliquidity Provider (HLP)?
As of July 22, 2026, Hyperliquidity Provider (HLP) shows -0.0% APR, +5.5% 30d return on Hyperliquid.
How risky is Hyperliquidity Provider (HLP)?
VaultVision's risk score for Hyperliquidity Provider (HLP) is 41/100 (moderate risk). Max drawdown over the last 30 days: 11.6%.
Who manages Hyperliquidity Provider (HLP)?
The vault leader is 0x677d...84e7. Compare their track record against other Hyperliquid vault leaders on VaultVision.
How do I deposit into Hyperliquidity Provider (HLP)?
Use VaultVision to inspect the vault first, connect your wallet, then open the deposit flow for the same Hyperliquid vault mechanics. VaultVision tracks deposit intent and observed vault-equity changes when possible; raw vault deposits are not the same thing as builder-code fee revenue. Open deposit flow →
What is the TVL of Hyperliquidity Provider (HLP)?
Current total value locked: $248.8M. Live TVL and whale-flow updates are on the vault dashboard.
What should I check before depositing into Hyperliquidity Provider (HLP)?
Check TVL $248.8M, risk 41/100, 30-day drawdown 11.6%, 30-day return +5.5%, then compare the vault against the live Hyperliquid vault scanner, TVL rankings, and drawdown screen before sizing a deposit.

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Hyperliquid vault rankingsRisk-adjusted leaderboard with TVL, APR, recent return, drawdown, risk score, and entry context. Hyperliquid vault riskSort active vaults by VaultVision risk score before chasing headline APR. Hyperliquid vault drawdownFind vaults with lower recent max drawdown and inspect whether losses are tolerable. Hyperliquid vault TVLCompare capacity, concentration, and HLP context before selecting a vault. Hyperliquid vault alertsWatch vaults for whale flow, risk movement, and entry-quality changes. Vault research blogRead guides on HLP, drawdown, safety, yield, vault selection, and protocol comparisons.

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