Hyperliquid vaults

Hyperliquid Vaults and HLP: Live Risk Data

See HLP's current public performance and protocol mechanics first. Then inspect any public vault's PnL path, deposit state, and manager economics without connecting a wallet.

Last updated: 2026-08-26Last reviewed: 2026-08-26
HLP protocol vaultLive API · checked 0s ago

What is HLP, and what does it show now?

HLP is Hyperliquid's community-owned protocol vault. It provides liquidity through multiple market-making strategies, performs liquidations, supplies USDC in Earn, and receives a portion of trading fees. Depositors share its PnL, including losses.

Open full HLP detail
API account value
$186.32M
Current total-series value
24h PnL
+$700
Backward-looking API window
All-time PnL
+$138.17M
API-labelled all-time series
Trailing APR
3.19%
Historical, not expected yield
Max PnL retracement
$4.66M
99 returned PnL samples
Component vaults
7
Current API relationship
Exit timing

4-day deposit lock

Withdrawal becomes available four days after the most recent deposit, according to the current protocol-vault documentation.

Current deposit state

Deposits open

The API currently reports leader commission 0.00%. These are point-in-time fields, not future terms.

Risk the API cannot prove

Positions, hedges, and exit depth

The public vaultDetails response does not establish current strategy exposure, liquidation clusters, off-platform hedges, or depositor-specific withdrawal liquidity.

HLP's liquidator strategy can take over positions that reach the protocol's backstop threshold. That PnL belongs to HLP, but it also creates market and liquidation exposure.

Read the HLP risk guideOfficial HLP docs

Inspect any public Hyperliquid vault

Paste a 42-character vault address for its public PnL path, retracement, deposit state, and manager fields. The lookup is read-only.

Prefer the HLP example? Load its public vault address:

Official public vaultDetails fieldsNo leaderboard, recommendation, wallet, or signature
How to read a vault snapshotMetric definitions, limits, and the next checks that matter.Open

PnL retracement

The largest peak-to-later-trough decline in the returned PnL series. It is a sampled path check, not a complete strategy drawdown.

Withdrawable balance

A point-in-time API field, not a promise of immediate liquidity. Vault state and protocol withdrawal rules still apply.

APR and PnL

Backward-looking performance fields. They are not expected returns, suitability labels, or proof of future execution quality.

Manager economics

Leader fraction and commission can clarify incentives when exposed, but they are not a complete strategy or fee review.

What this reader cannot prove

Public vault details do not expose every position, hedge, liquidation pathway, strategy change, or future withdrawal condition. Treat missing fields as unknown, not safe.

HypeBasis does not rank vaults or recommend following a manager. Use the snapshot to identify what needs verification.

Review the method

Understand vault risk

Inspect an account

Risk notice
Vaults and copy-trading are high risk. Public performance can include drawdowns, manager decisions, leverage, liquidity constraints, and unrealized PnL; historical returns do not prove future results.

Sources

5 references · Expand
  • Hyperliquid Docs: Info endpointAccessed 2026-09-04
    Supports: Public info endpoint families used for market, book, candle, account, portfolio, native borrow/lend reserve, vaultDetails, userFees account-rate, and maxBuilderFee approval reads.
  • Hyperliquid Docs: VaultsAccessed 2026-08-26
    Supports: Current HyperEVM vault architecture and the distinction from legacy HyperCore vaults.
  • Hyperliquid Docs: Protocol vaultsAccessed 2026-08-26
    Supports: HLP's community-owned status, market-making and liquidation strategies, USDC supplied in Earn, trading-fee accrual, shared PnL, and four-day deposit lock.
  • Hyperliquid Docs: LiquidationsAccessed 2026-08-26
    Supports: Maintenance margin, mark price, partial liquidations, liquidation flow, backstop-liquidation thresholds, and HLP liquidator-vault exposure.
  • Hyperliquid Docs: Rate limits and user limitsAccessed 2026-09-04
    Supports: Current REST request-weight, WebSocket, and user-limit constraints for public-data tooling.