# Protocol vaults

Hyperliquidity Provider (HLP) is a protocol vault that provides liquidity to Hyperliquid through multiple market making strategies, performs liquidations, supplies USDC in Earn, and accrues a portion of trading fees.

HLP democratizes strategies typically reserved for privileged parties on other exchanges. The community can provide liquidity for the vault and share its pnl. HLP is fully community-owned.

The deposit lock-up period is 4 days. This means you can withdraw 4 days after your most recent deposit. E.g., if you deposited on Sep 14 at 08:00, you would be able to withdraw on Sep 18 at 08:00.

For more information about HLP, see these blog posts: 

<https://medium.com/@hyperliquid/hyperliquidity-provider-hlp-democratizing-market-making-bb114b1dff0f>\
<https://medium.com/@hyperliquid/hlp-update-3-months-in-42327abe3e57>\
Note that the blog posts may not be up-to-date.


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