SLP Vault
Last updated: Feb 24, 2026
The Synthetix Liquidity Provider (SLP) Vault is the protocol's community market making vault, designed to back all perps markets on Ethereum Mainnet.
How it works
When opened to users, the SLP vault would pool capital from depositors and deploy it as liquidity backing for perpetual markets. As traders pay fees and funding, a portion of those revenues would flow back to depositors proportional to their share of the vault.
Participation in SLP means capital would be exposed to market making performance. Depositors would benefit when the exchange generates revenue, and they would also be exposed to losses if the vault's market making position loses money.
Current status
- The vault is running internally today
- User deposits are not currently available
- Public access will open in a future release
Legacy vaults
| Network | Status |
|---|---|
| Arbitrum | Deprecated June 13, 2025. Users have 6 months to settle debt and claim LP assets. |
| Base | Deprecated July 7, 2025. Collateral is being returned to wallets within 2 weeks of deprecation. |