diff --git a/apps/liquidity-provision-dashboard/src/app/components/dashboard/market-list/market-list.tsx b/apps/liquidity-provision-dashboard/src/app/components/dashboard/market-list/market-list.tsx
index e35d1290b..099193ef7 100644
--- a/apps/liquidity-provision-dashboard/src/app/components/dashboard/market-list/market-list.tsx
+++ b/apps/liquidity-provision-dashboard/src/app/components/dashboard/market-list/market-list.tsx
@@ -8,8 +8,17 @@ import type {
 } from 'ag-grid-community';
 import 'ag-grid-community/dist/styles/ag-grid.css';
 import 'ag-grid-community/dist/styles/ag-theme-alpine.css';
-import { t, addDecimalsFormatNumber } from '@vegaprotocol/react-helpers';
-import { Icon, AsyncRenderer } from '@vegaprotocol/ui-toolkit';
+import {
+  t,
+  addDecimalsFormatNumber,
+  formatNumberPercentage,
+  toBigNum,
+} from '@vegaprotocol/react-helpers';
+import {
+  Icon,
+  AsyncRenderer,
+  TooltipCellComponent,
+} from '@vegaprotocol/ui-toolkit';
 import type { Market } from '@vegaprotocol/liquidity';
 import {
   useMarketsLiquidity,
@@ -50,9 +59,11 @@ export const MarketList = () => {
             sortable: true,
             unSortIcon: true,
             cellClass: ['flex', 'flex-col', 'justify-center'],
+            tooltipComponent: TooltipCellComponent,
           }}
           getRowId={getRowId}
           isRowClickable
+          tooltipShowDelay={500}
         >
           <AgGridColumn
             headerName={t('Market (futures)')}
@@ -78,6 +89,7 @@ export const MarketList = () => {
             }}
             minWidth={100}
             flex="1"
+            headerTooltip={t('The market name and settlement asset')}
           />
 
           <AgGridColumn
@@ -90,10 +102,11 @@ export const MarketList = () => {
                   .decimals
               )} (${displayChange(data.volumeChange)})`
             }
+            headerTooltip={t('The trade volume over the last 24h')}
           />
 
           <AgGridColumn
-            headerName={t('Committed bond/stake')}
+            headerName={t('Committed bond')}
             field="liquidityCommitted"
             valueFormatter={({ value, data }: ValueFormatterParams) =>
               formatWithAsset(
@@ -101,6 +114,47 @@ export const MarketList = () => {
                 data.tradableInstrument.instrument.product.settlementAsset
               )
             }
+            headerTooltip={t(
+              'The amount of funds allocated to provide liquidity'
+            )}
+          />
+
+          <AgGridColumn
+            headerName={t('Target stake')}
+            field="target"
+            valueFormatter={({ value, data }: ValueFormatterParams) =>
+              formatWithAsset(
+                value,
+                data.tradableInstrument.instrument.product.settlementAsset
+              )
+            }
+            headerTooltip={t(
+              'The ideal committed liquidity to operate the market.  If total commitment currently below this level then LPs can set the fee level with new commitment.'
+            )}
+          />
+
+          <AgGridColumn
+            headerName={t('% Target stake met')}
+            valueFormatter={({ data }: ValueFormatterParams) => {
+              const roundedPercentage =
+                parseInt(
+                  (data.liquidityCommitted / parseFloat(data.target)).toFixed(0)
+                ) * 100;
+              const display = Number.isNaN(roundedPercentage)
+                ? 'N/A'
+                : formatNumberPercentage(toBigNum(roundedPercentage, 2));
+              return display;
+            }}
+            headerTooltip={t('% Target stake met')}
+          />
+
+          <AgGridColumn
+            headerName={t('Fee levels')}
+            field="fees"
+            valueFormatter={({ value, data }: ValueFormatterParams) =>
+              `${value.factors.liquidityFee}%`
+            }
+            headerTooltip={t('Fee level for this market')}
           />
 
           <AgGridColumn
@@ -117,6 +171,9 @@ export const MarketList = () => {
                 <Status trigger={data.data?.trigger} tradingMode={value} />
               );
             }}
+            headerTooltip={t(
+              'The current market status - those below the target stake mark are most in need of liquidity'
+            )}
           />
 
           <AgGridColumn
@@ -154,7 +211,6 @@ export const MarketList = () => {
             sortable={false}
             cellStyle={{ overflow: 'unset' }}
           />
-          <AgGridColumn headerName={t('Est. return / APY')} field="apy" />
         </Grid>
 
         <HealthDialog
diff --git a/apps/liquidity-provision-dashboard/src/app/components/detail/providers/providers.tsx b/apps/liquidity-provision-dashboard/src/app/components/detail/providers/providers.tsx
index f86685cf6..382449ac9 100644
--- a/apps/liquidity-provision-dashboard/src/app/components/detail/providers/providers.tsx
+++ b/apps/liquidity-provision-dashboard/src/app/components/detail/providers/providers.tsx
@@ -11,6 +11,7 @@ import type {
 import { formatWithAsset } from '@vegaprotocol/liquidity';
 
 import { Grid } from '../../grid';
+import { TooltipCellComponent } from '@vegaprotocol/ui-toolkit';
 
 const formatToHours = ({ value }: { value?: string | null }) => {
   if (!value) {
@@ -39,11 +40,14 @@ export const LPProvidersGrid = ({
   return (
     <Grid
       rowData={liquidityProviders}
+      tooltipShowDelay={500}
       defaultColDef={{
         resizable: true,
         sortable: true,
         unSortIcon: true,
         cellClass: ['flex', 'flex-col', 'justify-center'],
+        tooltipComponent: TooltipCellComponent,
+        minWidth: 100,
       }}
       getRowId={getRowId}
       rowHeight={92}
@@ -53,11 +57,13 @@ export const LPProvidersGrid = ({
         field="party.id"
         flex="1"
         minWidth={100}
+        headerTooltip={t('Liquidity providers')}
       />
       <AgGridColumn
-        headerName={t('Time in market')}
+        headerName={t('Duration')}
         valueFormatter={formatToHours}
         field="createdAt"
+        headerTooltip={t('Time in market')}
       />
       <AgGridColumn
         headerName={t('Equity-like share')}
@@ -67,23 +73,50 @@ export const LPProvidersGrid = ({
             ? `${parseFloat(parseFloat(value).toFixed(2)) * 100}%`
             : '';
         }}
+        headerTooltip={t(
+          'The share of the markets liquidity held - the earlier you commit liquidity the greater % fees you earn'
+        )}
+        minWidth={140}
       />
       <AgGridColumn
-        headerName={t('committed bond/stake')}
+        headerName={t('committed bond')}
         field="commitmentAmount"
         valueFormatter={({ value }: { value?: string | null }) =>
           value ? formatWithAsset(value, settlementAsset) : '0'
         }
+        headerTooltip={t('The amount of funds allocated to provide liquidity')}
+        minWidth={140}
+      />
+      <AgGridColumn
+        headerName={t('Margin Req.')}
+        field="margin"
+        headerTooltip={t(
+          'Margin required for arising positions based on liquidity commitment'
+        )}
+      />
+      <AgGridColumn
+        headerName={t('24h Fees')}
+        field="fees"
+        headerTooltip={t(
+          'Total fees earned by the liquidity provider in the last 24 hours'
+        )}
       />
-      <AgGridColumn headerName={t('Margin Req.')} field="margin" />
-      <AgGridColumn headerName={t('24h Fees')} field="fees" />
       <AgGridColumn
         headerName={t('Fee level')}
         valueFormatter={({ value }: { value?: string | null }) => `${value}%`}
         field="fee"
+        headerTooltip={t(
+          "The market's liquidity fee, or the percentage of a trade's value which is collected from the price taker for every trade"
+        )}
       />
 
-      <AgGridColumn headerName={t('APY')} field="apy" />
+      <AgGridColumn
+        headerName={t('APY')}
+        field="apy"
+        headerTooltip={t(
+          'An annualised estimate based on the total liquidity provision fees and maker fees collected by liquidity providers, the maximum margin needed and maximum commitment (bond) over the course of 7 epochs'
+        )}
+      />
     </Grid>
   );
 };
diff --git a/apps/liquidity-provision-dashboard/src/app/components/status/status.tsx b/apps/liquidity-provision-dashboard/src/app/components/status/status.tsx
index 43043dbf7..257c02bdb 100644
--- a/apps/liquidity-provision-dashboard/src/app/components/status/status.tsx
+++ b/apps/liquidity-provision-dashboard/src/app/components/status/status.tsx
@@ -1,4 +1,4 @@
-import { Lozenge } from '@vegaprotocol/ui-toolkit';
+import { Lozenge, Tooltip } from '@vegaprotocol/ui-toolkit';
 import classNames from 'classnames';
 
 import {
@@ -6,6 +6,7 @@ import {
   AuctionTriggerMapping,
   Schema,
 } from '@vegaprotocol/types';
+import { t } from '@vegaprotocol/react-helpers';
 
 import { Indicator } from '../indicator';
 
@@ -33,17 +34,46 @@ export const Status = ({
     return MarketTradingModeMapping[tradingMode];
   };
 
+  const status = getStatus();
+  const tooltipDescription = t(getTooltipDescription(status));
+
   return (
-    <div
-      className={classNames('inline-flex whitespace-normal', {
-        'text-base': size === 'large',
-        'text-sm': size === 'small',
-      })}
-    >
-      <Lozenge className="border border-greys-light-300 bg-greys-light-100 flex items-center">
-        <Indicator status={tradingMode} />
-        {getStatus()}
-      </Lozenge>
+    <div>
+      <Tooltip description={tooltipDescription}>
+        <div
+          className={classNames('inline-flex whitespace-normal', {
+            'text-base': size === 'large',
+            'text-sm': size === 'small',
+          })}
+        >
+          <Lozenge className="border border-greys-light-300 bg-greys-light-100 flex items-center">
+            <Indicator status={tradingMode} />
+            {status}
+          </Lozenge>
+        </div>
+      </Tooltip>
     </div>
   );
 };
+
+const getTooltipDescription = (status: string) => {
+  let tooltipDescription = '';
+  switch (status) {
+    case MarketTradingModeMapping.TRADING_MODE_CONTINUOUS:
+      tooltipDescription =
+        'This is the standard trading mode where trades are executed whenever orders are received';
+      break;
+    case `${MarketTradingModeMapping.TRADING_MODE_MONITORING_AUCTION} - ${AuctionTriggerMapping.AUCTION_TRIGGER_LIQUIDITY}`:
+      tooltipDescription =
+        'This market is in auction until it reaches sufficient liquidity';
+      break;
+    case MarketTradingModeMapping.TRADING_MODE_OPENING_AUCTION:
+      tooltipDescription =
+        'This is a new market in an opening auction to determine a fair mid-price before starting continuous trading.';
+      break;
+    default:
+      break;
+  }
+
+  return tooltipDescription;
+};