Hyperliquidity Provider (HLP) vault

This community-owned vault provides liquidity to Hyperliquid through multiple market making strategies, performs liquidations, and accrues platform fees.

Rank

#634 overall
#110 on

Hyperliquid
#110 on

Hyperliquid

Strategies used by vault

Share token price

Max

3M ann. net returns

Total value locked

$180.2M

peak $603.9M

3M Sharpe

6.4

3M volatility

0.6%

Other metrics

3M Sharpe

6.4

3M volatility

0.6%

3.4 years

-5.8%

CORE3 risk

Lockup period

Denomination

USDC

Performance and fees

	1M	3M	6M	1Y	Lifetime
Gross Gross	4.3%	3.8%	2.1%	14.5%	32.7%
Performance fee Performance	0.0%	0.0%	0.0%	0.0%	0.0%
Management fee Management	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit fee Deposit	0.0%	0.0%	0.0%	0.0%	0.0%
Withdrawal fee Withdrawal	0.0%	0.0%	0.0%	0.0%	0.0%
Net Net	4.3%	3.8%	2.1%	14.5%	32.7%

Curated by Hyperliquid

This vault is curated by Hyperliquid.

Hyperliquid is a layer 1 blockchain running a fully on-chain perpetuals and spot exchange, whose protocol-run Hyperliquidity Provider (HLP) vault supplies community-owned market making liquidity.

View all Hyperliquid vaults

Running on Hyperliquid protocol

This vault is running on Hyperliquid:

Hyperliquid is a layer 1 blockchain running an onchain perpetual futures exchange; its USDC vaults include HLP, the protocol's market-making vault, and trader-run strategies.

View all Hyperliquid vaults

CORE3 risk rating

CCC

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Risk rating by CORE3 for Hyperliquid. CORE3's Probability of Loss is a protocol-level risk measure. It does not assess the performance of this individual vault.

Probability of Loss	48.23
Confidence	Moderate
CORE3 rank	#342

Data coverage	73.3%
Category	Layer 1
Market cap	$19.4B

Risk score by category

Sub-scores run 0–100 — lower is better.

Security 42
Financial 0
Operational 25
Reputational 67
Regulatory 24

View full rating on the CORE3 website

Notes

Profit and loss (PnL) results here differ from the method used on the Hyperliquid website. Instead of raw account PnL, the data is cleaned from deposit/redeem flow and reflects better the actual profitability of the underlying trading activity.

Returns and period details

Metric	Week	Month	3 months	6 months	Year	Lifetime
Ranking overall	#588	#634	#660	#699	#44	#90
Ranking on Hyperliquid	#65	#110	#127	#114	#42	#58
Ranking on Hyperliquid	#65	#110	#127	#114	#42	#58
CAGR (net)	4.1%	4.3%	3.8%	2.1%	14.5%	32.7%
CAGR (gross)	4.1%	4.3%	3.8%	2.1%	14.5%	32.7%
Returns (net)	0.1%	0.3%	0.9%	1.0%	14.7%	162.8%
Returns (gross)	0.1%	0.3%	0.9%	1.0%	14.7%	162.8%
Sharpe ratio	---	22.70	6.42	4.81	1.44	2.02
Max drawdown	0.0%	-0.0%	-0.0%	-0.1%	-0.8%	-5.8%

Technical Details

Vault name	Hyperliquidity Provider (HLP)
Vault address	0xdfc24b077bc1425ad1dea75bcb6f8158e10df303
Chain	Hyperliquid (9999)
Denomination	Circle USDC (USDC)
Exchange rate used	1 USDC = $1.0000
Share token	Hyperliqui
Protocol	Hyperliquid
Homepage	View vault on protocol website
Current TVL	180,153,973.374 USDC
Peak TVL	603,904,920.346 USDC
Last share price	2.628 USDC
Last updated	2026-10-07 18:20 UTC (about 3 hours ago)
Last updated block	0
Data refreshed at	2026-10-07 20:17 UTC (about 1 hour ago)
Data starts	2023-05-10 00:00:00 UTC
Fee mode	Externalised
Fees internalised	No
Features	hypercore_native
Strategy tags	liquidity_provider, market_making, market_making_clob, perpetual_futures
Flags	perp_dex_trading_vault
Whitelist status	Permissionless
Deposit status	Open
Redemption status	Open
Deposit/redemption events	100

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