What is a Hyperliquid vault?
How non-custodial trading vaults on Hyperliquid work — deposit with proven traders and keep custody, or launch your own vault.
HyperVaults is non-custodial vault infrastructure on Hyperliquid. A manager raises capital into an on-chain vault and trades it on Hyperliquid's order books — spot, perps, and builder-dex (HIP-3) markets — while the vault contract keeps custody at all times.
The key design choice: the manager never holds a trading key. Orders are signed by a protocol-provisioned agent wallet that can only place, modify, and cancel orders. It cannot withdraw, transfer, or touch funds in any other way.
The three guarantees
The platform makes exactly three hard promises, enforced by the contracts:
- No theft — no party (including the manager and the platform) can extract funds from a vault other than through trading outcomes.
- No griefing — no one can brick a vault or lock investors out of withdrawals.
- No non-trading loss — the vault's accounting (NAV) can never overstate what the vault actually holds.
Everything else — including trading performance — is disclosed manager risk. The platform deliberately does not restrict how a manager trades; what bounds the downside is the accounting above — a vault can never overstate what it holds — not code that second-guesses the trader.