HyperLiquid's Market Making Vault Grows by $250M in 2 Months Despite JELLY Fiasco

The yield-bearing vault created by decentralized exchange HyperLiquid has grown from $163 million to $418 million over the past two months despite centralization concerns around the JELLY market fiasco in March, data from DefiLlama shows.The vault, which acts as an internal market maker and gives depositors a yield, was underwater by $13.5 million after a user manipulated the index price of JELLY in March. HyperLiquid minimized these losses by forcibly closing the JELLY market, settling it at $0 source: https://www.coindesk.com/business/2025/06/05/hyperliquid-s-market-making-vault-grows-by-usd250m-in-2-months-despite-jelly-fiasco