# Ventuals (HIP-3) VLP Vault The Ventuals (HIP-3) Liquidity Provider (VLP) vault executes market making strategies on Ventuals and receives a portion of trading fees. The community can provide liquidity for the vault to share its pnl. This vault is hosted in partnership with the Ventuals team as the de facto source of liquidity for Ventuals HIP-3 Exchange. This vault uses caps, with cap increases in the future at the request of Ventuals. {% hint style="success" %} [Deposit into the Ventuals (HIP-3) VLP Vault here](https://app.hyperbeat.org/vaults/wvlp) {% endhint %} ## What is Ventuals? [Ventuals](https://testnet.ventuals.com/) focusses on making private markets public by enabling perps trading for the most innovative private companies in the world, unlocking access to a multi-trillion dollar asset class that normal investors have historically been locked out of. On Ventuals, you can: * Long or short private companies like Cursor, OpenAI, and SpaceX. * Trade with up to 10x leverage. * Deposit stablecoins to provide liquidity into the Ventuals Liquidity Provider Vault by Hyperbeat to earn. This vaults role is similar to that of HLP for Hyperliquid. Ventuals is built on Hyperliquid's proven perps orderbook infrastructure, using the [HIP-3](https://hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips/hip-3-builder-deployed-perpetuals) standard. ## What happens to deposited assets? Deposited assets will be allocated to market-making strategies on Ventuals once HIP-3 is live. Until then, as the HIP-3 launch date is still to be confirmed, assets will be put to work in [hbUSDT](https://app.hyperbeat.org/vaults/usdt) to generate a competitive yield as requested by Ventuals. ## Proof of solvency [wVLP proof of solvency](https://accountable.hyperbeat.org/wVLP) ## Can I withdraw from the Hyperbeat (HIP3) VLP vault? Yes, migration or instant withdrawals are available as the vault is being unwound. ## ## Is the Hyperbeat (HIP3) VLP vault audited? Yes, three times, twice by Hacken ([1](https://2732961456-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FsPjk0ggBxEJCCnVFFkDR%2Fuploads%2F1wxK6TgqaRsSgt3ixVMx%2FMidas_SC%20Audit%20Report_25092023_%5BSA-1833%5D%20-%20POST%20REMEDIATION.pdf?alt=media\&token=cdcf6533-7366-42db-9d3b-224efac85b9a), [2](https://2732961456-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FsPjk0ggBxEJCCnVFFkDR%2Fuploads%2F38N1bo36K8FLriRrPDXb%2FHacken_Midas_%5BSCA%5D%20Midas_Vault_Dec2023_P-2023-076_1_20240118%2016_22.pdf?alt=media\&token=2c58f6f7-889e-4c64-ac84-35bad59eb51a)) and once by [Sherlock](https://audits.sherlock.xyz/contests/332). ## Will I be charged fees while in the vault? No fees will be charged on Hyperbeat VLP until HIP-3 goes live. In the meantime, assets will be deposited into [hbUSDT](https://app.hyperbeat.org/vaults/usdt) to generate a base yield. All hbUSDT APYs are shown net of fees and are public [here](https://app.hyperbeat.org/vaults/usdt). Until HIP-3 goes live VLP vault depositor will earn the same rewards as deposits into hbUSDT do, as well as any additional VLP vault specific rewards. ## What are the risks involved? Liquid vaults carry smart contract risks along with varying levels of economic risk. --- # Agent Instructions: 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: ``` GET https://docs.hyperbeat.org/hyperbeat-earn/ventuals-hip-3-vlp-vault.md?ask= ``` The question should be specific, self-contained, and written in natural language. 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.