> For the complete documentation index, see [llms.txt](https://docs.hyperbeat.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hyperbeat.org/hyperbeat-earn/nunchi-hip-3-nlp-vault.md). # Nunchi (HIP-3) nLP Vault The Nunchi nLP Vault lets anyone deposit stablecoin liquidity for use as the de facto source of liquidity to market make on Nunchi HIP-3 Exchange. Prior to Nunchi’s launch, funds are deployed into Hyperliquid native yield venues to generate the best risk-adjusted return. Depositors mint nLP shares and participate pro‑rata in vault performance. The vault is designed to power and bootstrap liquidity for Nunchi’s Markets (nCLOB and HIP‑3). {% hint style="success" %} [Deposit into the Nunchi (HIP-3) nLP Vault here ](https://app.hyperbeat.org/vaults/nlp) {% endhint %} ## **What is Nunchi** A HIP-3 perpetuals exchange for yield. ## What happens to deposited assets? USDT and USDC deposits are routed to Hyperliquid native yield venues, where capital is put to work via Hyperbeat’s strategy engine. Returns flow back as an increase in the nLP share price. ## Proof of solvency [wNLP proof of solvency](https://accountable.hyperbeat.org/wNLP) ## What do I get for depositing into the Nunchi (HIP-3) nLP Vault? You get yield, Nunchi points (cHIPs) and Hearts. ## Can I withdraw from the Nunchi (HIP-3) nLP Vault Yes, you can withdraw from the Nunchi nLP vault. There are two withdrawal options available: Instant Redemption and Classic Redemption. Instant Redemption allows for immediate withdrawals when there is sufficient liquidity, but incurs a 0.5% early withdrawal fee. Alternatively, users can select the Classic Redemption option, which processes the withdrawal within 2 days without slippage or fees. ## Why do withdrawals take two days? Assets are used in on-chain strategies that need time to unwind safely. The two day withdrawal period helps avoid slippage and ensures efficient exits. ## Is the Nunchi (HIP3) nLP vault audited? Yes, the vault is audited by [Nethermind security](https://github.com/0xhyperbeat/Audits/tree/main/Vault-Infra) and [Certora](https://github.com/0xhyperbeat/Audits/tree/main/Vault-Infra). ## Strategist [Hyperbeat Core](https://hyperbeat.org/) is the strategist for the lstHYPE vault. ## Risk Oversight [RockawayX](https://rockawayx.com/) ## Infrastructure [Hyperbeat Core](https://hyperbeat.org/) is the infrastructure provider. ## What are the risks involved? Liquid vaults carry smart contract risks along with varying levels of economic risk. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## 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, and the optional `goal` query parameter: ``` GET https://docs.hyperbeat.org/hyperbeat-earn/nunchi-hip-3-nlp-vault.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. 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.