# Tokenizing the HLP Historically, tokenizing a profitable yield strategy has accounted for a significant portion of total DeFi TVL. The HyperLiquid HLP offers a new source of scalable yield — yield that is typically hoarded by market makers on centralized exchanges — to the permissionless DeFi ecosystem. Hyperliquid has the potential to scale another 10x in crypto native trading volumes, before tapping into tradfi liquidity. This step alone could bring HLP to a $3-5B TVL Vault. History shows that the majority of liquidity providers prefer a liquid tokenized solution, which allows for quick entry and exit as well as use in secondary DeFi opportunities. A good tokenized HLP offers: * Very High Liquidity * Trustworthy Peg Maintenance * Cross Chain Compatibility * Trust Minimization bbHLP will effectively deliver on all 4, paired with a variety of secondary yield opportunities (see [partners and integrations](/partners-and-integrations.md)). --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.blueberry.garden/tokenizing-the-hlp.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.