# XLP Vault (/docs/risex/xlpvault/about)

import { Callout } from 'fumadocs-ui/components/callout';

RISEx employs an internal market maker. Capital for this market maker is provided through a community vault, the XLP Vault (Exchange Liquidity Protocol).

XLP serves two key functions:

* **Provide liquidity** to RISEx's orderbooks: XLP is actively quoting across all markets on RISEx and is the primary market maker for the exchange.
* **Liquidation backstop**: 5% of the vault is allocated to takeover unhealthy positions on the exchange, this is penultimate stage in the liquidation flow.

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## Current Status

<Callout type="info">
  The XLP vault is live and operating as the primary market maker for RISEx. Public deposits and withdrawals are not yet available. Access will open at a later date.
</Callout>