What is the HLP?

HLP is comprised of two market making strategies and a liquidation strategy. The result is a vault that makes trades around the spread, like a market maker, without attempting to take directional risk. The vault trades "against" traders on the Hyperliquid DEX L1. Generally, the vault is very profitable, but it does sometimes take losses.

PreviousbbHLP Docs - Intro NextTokenizing the HLP

Last updated 2 days ago

HLP is comprised of two market making strategies and a liquidation strategy. The result is a vault that makes trades around the spread, like a market maker, without attempting to take directional risk. The vault trades "against" traders on the Hyperliquid DEX L1. Generally, the vault is very profitable, but it does sometimes take losses.