diff --git a/libs/deposits/src/lib/deposit-form.spec.tsx b/libs/deposits/src/lib/deposit-form.spec.tsx
index 8a3e3fde4..726d61211 100644
--- a/libs/deposits/src/lib/deposit-form.spec.tsx
+++ b/libs/deposits/src/lib/deposit-form.spec.tsx
@@ -58,6 +58,7 @@ beforeEach(() => {
     max: new BigNumber(20),
     allowance: new BigNumber(30),
     deposited: new BigNumber(10),
+    exempt: false,
   };
   props = {
     assets: [asset],
@@ -287,6 +288,7 @@ describe('Deposit form', () => {
           balance,
           max,
           deposited,
+          exempt: false,
         }}
         selectedAsset={asset}
       />
diff --git a/libs/deposits/src/lib/deposit-limits.tsx b/libs/deposits/src/lib/deposit-limits.tsx
index 7b69298c4..a88beb027 100644
--- a/libs/deposits/src/lib/deposit-limits.tsx
+++ b/libs/deposits/src/lib/deposit-limits.tsx
@@ -18,6 +18,7 @@ interface DepositLimitsProps {
   asset: Asset;
   balance?: BigNumber;
   allowance?: BigNumber;
+  exempt?: boolean;
 }
 
 export const DepositLimits = ({
@@ -26,6 +27,7 @@ export const DepositLimits = ({
   asset,
   balance,
   allowance,
+  exempt,
 }: DepositLimitsProps) => {
   const limits = [
     {
@@ -68,11 +70,13 @@ export const DepositLimits = ({
         </Tooltip>
       ),
       rawValue: max.minus(deposited),
-      value: (
+      value: !exempt ? (
         <CompactNumber
           number={max.minus(deposited)}
           decimals={asset.decimals}
         />
+      ) : (
+        <div data-testid="exempt">{t('Exempt')}</div>
       ),
     },
     {
diff --git a/libs/deposits/src/lib/use-deposit-balances.ts b/libs/deposits/src/lib/use-deposit-balances.ts
index b02974470..e8bb31c8c 100644
--- a/libs/deposits/src/lib/use-deposit-balances.ts
+++ b/libs/deposits/src/lib/use-deposit-balances.ts
@@ -3,17 +3,22 @@ import { useCallback, useEffect, useState } from 'react';
 import BigNumber from 'bignumber.js';
 import { useGetAllowance } from './use-get-allowance';
 import { useGetBalanceOfERC20Token } from './use-get-balance-of-erc20-token';
-import { useGetDepositMaximum } from './use-get-deposit-maximum';
+import {
+  useGetDepositMaximum,
+  useIsExemptDepositor,
+} from './use-get-deposit-maximum';
 import { useGetDepositedAmount } from './use-get-deposited-amount';
 import { isAssetTypeERC20, localLoggerFactory } from '@vegaprotocol/utils';
 import { useAccountBalance } from '@vegaprotocol/accounts';
 import type { Asset } from '@vegaprotocol/assets';
+import { useWeb3React } from '@web3-react/core';
 
 export interface DepositBalances {
   balance: BigNumber; // amount in Ethereum wallet
   allowance: BigNumber; // amount approved
   deposited: BigNumber; // total amounted deposited over lifetime
   max: BigNumber; // life time deposit cap
+  exempt: boolean; // if exempt then deposit cap doesn't matter
 }
 
 const initialState: DepositBalances = {
@@ -21,6 +26,7 @@ const initialState: DepositBalances = {
   allowance: new BigNumber(0),
   deposited: new BigNumber(0),
   max: new BigNumber(0),
+  exempt: false,
 };
 
 /**
@@ -28,6 +34,7 @@ const initialState: DepositBalances = {
  * whenever the asset changes in the form
  */
 export const useDepositBalances = (asset: Asset | undefined) => {
+  const { account } = useWeb3React();
   const tokenContract = useTokenContract(
     isAssetTypeERC20(asset) ? asset.source.contractAddress : undefined
   );
@@ -35,6 +42,7 @@ export const useDepositBalances = (asset: Asset | undefined) => {
   const getAllowance = useGetAllowance(tokenContract, asset);
   const getBalance = useGetBalanceOfERC20Token(tokenContract, asset);
   const getDepositMaximum = useGetDepositMaximum(bridgeContract, asset);
+  const isExemptDepositor = useIsExemptDepositor(bridgeContract, account);
   const getDepositedAmount = useGetDepositedAmount(asset);
   const [state, setState] = useState<DepositBalances | null>(null);
 
@@ -46,11 +54,12 @@ export const useDepositBalances = (asset: Asset | undefined) => {
     try {
       logger.info('get deposit balances', { asset: asset.id });
       setState(null);
-      const [max, deposited, balance, allowance] = await Promise.all([
+      const [max, deposited, balance, allowance, exempt] = await Promise.all([
         getDepositMaximum(),
         getDepositedAmount(),
         getBalance(),
         getAllowance(),
+        isExemptDepositor(),
       ]);
 
       setState({
@@ -58,12 +67,20 @@ export const useDepositBalances = (asset: Asset | undefined) => {
         deposited: deposited ?? initialState.deposited,
         balance: balance ?? initialState.balance,
         allowance: allowance ?? initialState.allowance,
+        exempt,
       });
     } catch (err) {
       logger.error('get deposit balances', err);
       setState(null);
     }
-  }, [asset, getAllowance, getBalance, getDepositMaximum, getDepositedAmount]);
+  }, [
+    asset,
+    getAllowance,
+    getBalance,
+    getDepositMaximum,
+    getDepositedAmount,
+    isExemptDepositor,
+  ]);
 
   const reset = useCallback(() => {
     setState(null);
diff --git a/libs/deposits/src/lib/use-get-deposit-maximum.ts b/libs/deposits/src/lib/use-get-deposit-maximum.ts
index a81a5530a..7aa027e09 100644
--- a/libs/deposits/src/lib/use-get-deposit-maximum.ts
+++ b/libs/deposits/src/lib/use-get-deposit-maximum.ts
@@ -28,3 +28,25 @@ export const useGetDepositMaximum = (
 
   return getDepositMaximum;
 };
+
+export const useIsExemptDepositor = (
+  contract: CollateralBridge | null,
+  address: string | undefined
+) => {
+  const isExemptDepositor = useCallback(async () => {
+    if (!contract || !address) {
+      return false;
+    }
+    const logger = localLoggerFactory({ application: 'deposits' });
+    try {
+      logger.info('is exempted depositor', { address });
+      const res = await contract.is_exempt_depositor(address);
+      return res;
+    } catch (err) {
+      logger.error('is exempted depositor', err);
+      return false;
+    }
+  }, [contract, address]);
+
+  return isExemptDepositor;
+};
diff --git a/libs/smart-contracts/src/contracts/collateral-bridge.ts b/libs/smart-contracts/src/contracts/collateral-bridge.ts
index 91aae40e3..3b0ee8d22 100644
--- a/libs/smart-contracts/src/contracts/collateral-bridge.ts
+++ b/libs/smart-contracts/src/contracts/collateral-bridge.ts
@@ -35,6 +35,9 @@ export class CollateralBridge {
   get_deposit_maximum(assetSource: string): Promise<BigNumber> {
     return this.contract.get_asset_deposit_lifetime_limit(assetSource);
   }
+  is_exempt_depositor(address: string): Promise<boolean> {
+    return this.contract.is_exempt_depositor(address);
+  }
   get_multisig_control_address() {
     return this.contract.get_multisig_control_address();
   }