HLP (Hyper Liquidity Provider) is Hyperliquid’s main protocol vault. Unlike a user-run vault, HLP is a protocol-managed, community-owned vault that helps power the exchange itself.
HLP Functions
Provides liquidity to Hyperliquid through multiple market-making strategies
Performs liquidations
Supplies USDC in Earn
Accrues a portion of trading fees
Due to core functionality of this vault, it has historically performed very well; though past performance is not indicative of future performance.
HLP lock-up period
HLP has a 4-day deposit lock-up period, meaning withdrawals become available 4 days after your most recent deposit.