> For the complete documentation index, see [llms.txt](https://hertzflow.gitbook.io/hertzflow-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hertzflow.gitbook.io/hertzflow-docs/tutorials/liquidity-providing.md).

# Liquidity Providing

{% stepper %}
{% step %}

## Select a Pool or Vault

<figure><img src="/files/56kD6Ja12cdGkFJMJvYe" alt=""><figcaption></figcaption></figure>

Browse the pool and vault list or search for a specific market. Filter by asset class: Crypto, Forex, Equities, Indices, Commodities, or Meme.

* Toggle **In Wallet** to show only pools where you already hold HzLP tokens
* Click any pool row to open its detail page

{% hint style="info" %}
**Pools (HzLP)** give you exposure to a single market. **Vaults (HzV)** spread your capital across multiple markets automatically.
{% endhint %}
{% endstep %}

{% step %}

## Deposit or Withdraw

### Depositing

Go to the **Deposit** tab on any pool page. Enter your USDT amount and you'll see:

| Field                     | What It Shows                                                |
| ------------------------- | ------------------------------------------------------------ |
| **HzLP Amount**           | How many tokens you'll receive (`Your USDT / HzLP Price`)    |
| **HzLP Price**            | Current price per token in USDT                              |
| **Remaining Deposit Cap** | How much more the pool can accept before hitting its max AUM |
| **Approval Status**       | Whether you've approved USDT spending for this contract      |

Your deposit must not exceed the remaining pool capacity, and the post-deposit PnL factor must remain compliant.

### Withdrawing

Go to the **Withdraw** tab and enter your HzLP token amount:

| Field                        | What It Shows                                           |
| ---------------------------- | ------------------------------------------------------- |
| **USDT Amount**              | How much USDT you'll receive (`Your HzLP × HzLP Price`) |
| **Remaining Withdrawal Cap** | Maximum USDT available to withdraw right now            |
| **Current HzLP Price**       | Token value at the time of withdrawal                   |

Withdrawals settle instantly. The withdrawal cap depends on current PnL and reserve constraints — if it's lower than expected, traders likely hold large unrealized profits.
{% endstep %}

{% step %}

## Monitor Your Positions

<figure><img src="/files/PmSXAQl0vhTORWgs0z9D" alt=""><figcaption></figcaption></figure>

### Pool Info

| Metric                       | What It Tells You                          |
| ---------------------------- | ------------------------------------------ |
| **TVL**                      | Total pool value in USD                    |
| **Total Earned Fees**        | Cumulative fee income since pool launch    |
| **Remaining Deposit Cap**    | Room for new deposits                      |
| **Remaining Withdrawal Cap** | Maximum available for withdrawal           |
| **Your Deposits**            | Value of your HzLP holdings in USDT        |
| **Your Earned Fees**         | Your proportional share of total pool fees |

### Historical Charts

Track **TVL** and **Fee APR** over 30d, 90d, or 180d. Fee APR shows annualized returns from trading fees only (excluding PnL variance), giving you a stable baseline for yield expectations.

### Activity Log

View all deposit and withdrawal events with timestamps, token amounts, USD values, and transaction hashes. Filter between **My Activity** (your transactions) or **Pool Activity** (all pool flows).

{% hint style="info" %}
**Pools vs. Vaults:** Pools (HzLP) give you exposure to a single market. Vaults (HzV) spread your capital across multiple markets automatically — same deposit/withdraw flow, but with built-in diversification.
{% endhint %}
{% endstep %}
{% endstepper %}

{% hint style="danger" %}
**Risk Warning:** As an LP, you are the counterparty to every trade in your pool. When traders profit, your pool value decreases. While fee income provides a positive baseline over time, short-term losses are possible — especially during strong directional moves. Only provide liquidity with capital you can afford to lose. See [LP Risk Management](/hertzflow-docs/liquidity-provision/lp-risk-management.md) for details.
{% endhint %}


---

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