Hyperliquid HLP vault

Hyperliquidity Provider — the community vault that makes markets on Hyperliquid and takes over liquidations. Updated every 5 minutes.

Vault value
$180.10M
$39.18M in trading strategies
APR
4.2%
as shown by Hyperliquid
PnL 24h
+$28.9K
PnL 7d
+$141.3K
PnL 30d
+$665.6K
PnL all time
+$138.60M

HLP PnL

+$138.73M10 May 20238 October 2026

HLP positions by coin

HLP strategies hold $7.45M in positions: $3.71M long and $3.74M short. They largely offset each other, so the net position is −$22.5K — HLP earns on market making, not on price direction.

CoinSideNet positionGrossSize
SANDLong+$15.1K$15.1K229,020
CAKELong+$13.8K$33.9K6,571
WShort−$12.6K$23.4K818,020
MANTALong+$11.5K$69.4K191,450
GRIFFAINLong+$10.4K$10.4K594,270
ONDOShort−$9.0K$29.1K19,632
LDOLong+$7.9K$100.6K20,346
MINAShort−$7.7K$7.7K102,060
GALALong+$7.4K$70.5K3,476,900
IMXShort−$6.1K$93.8K35,764
DYDXShort−$5.9K$74.2K46,675
ZROLong+$5.8K$22.7K2,994
TIAShort−$5.3K$37.1K11,398
CFXShort−$5.1K$72.9K107,020
PNUTShort−$4.9K$49.0K106,070

HLP strategies

HLP is split into sub-vaults: market making strategies and liquidators that keep a reserve to take over liquidated positions.

StrategyValuePositionsLongShort
HLP Liquidator 2 0xb0a5…9540$30.00M———
HLP Strategy A 0x0104…703a$3.17M177$1.89M$1.83M
HLP Strategy B 0x31ca…974b$3.00M177$1.82M$1.91M
HLP Liquidator 3 0x5e17…cb70$1.00M———
HLP Liquidator 4 0x2ed5…8308$1.00M———
HLP Liquidator 0x2e3d…dd14$1.00M———
HLP Strategy X 0x469f…d7d8$1.0K———

Largest HLP depositors

#AddressDepositPnLPnL all timeDays in HLP
10x8350…2855$16.61M+$111.3K+$111.3K218
20x1561…a31a$4.29M+$934.7K+$1.09M664
30x9836…b6b9$3.03M+$228.4K+$242.6K254
40x1e6d…eef2$2.98M+$16.7K+$892.9K871
50xfbad…dfb1$2.73M+$514.7K+$913.4K594
60xd9b0…400e$2.52M+$37.6K+$58.9K492
70x3419…8a8a$2.25M+$177.6K+$646.9K1010
80x993d…8463$2.11M+$324.6K+$324.6K646
90x2873…6645$2.02M+$18.7K+$18.7K75
100x8a46…7987$2.01M+$13.1K+$13.1K236

Data updated 2m ago

What is HLP — glossary →

HLP: questions and answers

What is HLP on Hyperliquid?

HLP (Hyperliquidity Provider) is a community-owned vault on Hyperliquid. Anyone can deposit USDC into it, and the vault runs market making strategies, takes over liquidations and accrues part of the platform fees. Right now it holds $180.10M.

How does HLP make money?

HLP earns on the spread and fees as a market maker, on liquidations it takes over, and on a share of Hyperliquid fees. Since launch its accumulated PnL is $138.60M; over the last 30 days it is +$665.6K.

What is the HLP APR?

Hyperliquid currently shows an APR of 4.2% for HLP. The APR is calculated from recent returns and changes with market activity: it rises in volatile periods with many liquidations and falls in quiet markets. Past returns do not guarantee future ones.

Can HLP lose money?

Yes. HLP takes the other side of trades and absorbs positions that could not be liquidated through the order book. In sharp moves or attempts to manipulate thin markets it can take losses, and depositors share them in proportion to their deposit.

Why is the HLP net position so small?

HLP strategies hold $7.45M in positions, but longs and shorts largely offset each other, leaving a net position of about $22.5K. The bulk of the vault stays in reserve, including 4 liquidator sub-vaults waiting to take over liquidations.

How do I deposit into HLP?

Deposit USDC in the Vaults section of the Hyperliquid app. After each deposit the funds are locked for a few days, then they can be withdrawn together with the accrued PnL. This page is for information only and is not investment advice.