What is HLP on Hyperliquid?

Hyperliquidity Provider — a community vault on Hyperliquid that makes markets, takes over liquidations and shares the PnL with depositors.

HLP is a vault anyone can deposit USDC into. It runs market making strategies across Hyperliquid markets and, through its liquidator part, takes over positions that could not be liquidated through the order book.

Depositors share its profit and loss in proportion to their share. Deposits are locked for a few days after each deposit.

On HyperScan

HyperScan marks HLP and other vaults separately, so that their positions do not distort the whale statistics.