Liquid

Liquid is a non-custodial trading and yield platform launched in 2025. While best known for its high-leverage trading, it also offers a Vault product designed for passive yield.

Yield Offering

• Vault Strategy: Assets are placed into automated liquidity provision strategies that historically target upwards of 10% APY for USDC utilizing Hyperliquid protocols.
• Non-Custodial: Users hold their own keys, with deposits and yield strategies executed directly from wallet.

Risks to Know

• Yield Variability: APY is not fixed; returns depend on market conditions and liquidity demand.
• Smart Contract Risk: Non-custodial contracts still carry code and exploit risks.
• Leverage Exposure: The broader platform emphasizes high-risk leveraged trading, which may concern conservative yield seekers.
• Geography Limits: Service unavailable in the U.S. and Ontario (Canada).

Liquid pairs a trader-first exchange with a passive yield vault, letting users earn while keeping custody of their funds. For those already active in DeFi, it offers competitive yields with added control — but risk awareness is essential.