VaultVision
Live Hyperliquid vault comparison

HLP vs BULBUL2DAO

A current diligence comparison of the native HLP benchmark and BULBUL2DAO, without treating APR or one score as a permanent winner.

Protocol benchmark

Hyperliquidity Provider (HLP)

TVL$256.6M
APR-0.0%
30D-6.3%
Max DD20.9%
Risk54/100
EntryGood Entry 75
Depositsat_cap
View vault detail
Leader vault

BULBUL2DAO

TVL$396K
APR+215.9%
30D-13.0%
Max DD30.6%
Risk73/100
EntryGood Entry 71
DepositsRecheck deposits
View vault detail
What differs now

Read the trade-off, not a winner

  • HLP currently has the larger TVL ($256.6M versus $396K).
  • HLP has the lower current VaultVision risk score; the scores are 54 and 73 respectively.
  • HLP has the shallower current 30-day max drawdown; recheck the full path before treating that snapshot as stable.
  • BULBUL2DAO adds manager and strategy-specific exposure; HLP is the native protocol market-making benchmark.

Checked Jul 10, 2026 17:49 UTC. Metrics render from the current VaultVision backend snapshot; no performance value is hard-coded into this page.