How to start a Hyperliquid vault

Everything below happens in the manager cockpit at /manage.

1. Create the vault. Choose the terms — management and performance fees, minimum deposit, capacity, instant-withdrawal cap, queue timeout, lockup, visibility. Most are frozen at creation, so pick them deliberately: investors are trusting terms that can't shift under them.
2. Seed it. Your creation deposit becomes the vault's stake floor — locked skin-in-the-game you can't withdraw below for the life of the vault. Creation also attaches a small Core HYPE gas seed automatically.
3. Agent provisioning. The protocol provisions a dedicated server-side signing wallet for your vault and registers it on Hyperliquid. You never hold this key — it can only place, modify and cancel orders, never move funds. This runs automatically at creation; the Agent tab re-provisions it if anything failed.
4. Fund trading. Deposits land on the vault's EVM reserve. Move what you want to trade with over to the Core trading balance from Manage → Capital ("Move USDC"). The vault's Hyperliquid account is already open — creation seeds it — so this just adds trading capital.
5. Enable spot tokens. A spot buy needs the token enabled first (perps don't). Enable from Holdings → Tradable tokens, or inline the first time you buy on /trade.
6. Trade. The /trade terminal is the full workspace — spot, perps and curated HIP-3 markets, with stops, TWAP and per-position management. Sign in once with your manager wallet; orders route through the agent and execute instantly, no wallet popup per order.

Keep an eye on the withdrawal queue: investors exit through it, and it is yours to keep funded — an unserviced queue eventually lets anyone latch the vault into emergency.