Live public evidence / Hyperliquid vault researchNo custody / no execution / independent analytics
VaultVisionHL · Vault research
Live Hyperliquid vault comparison

HLP vs Edge & Hedge

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

Protocol benchmark

Hyperliquidity Provider (HLP)

TVL$184.5M
APR+6.9%
30D+0.4%
Max DD0.0%
Risk12/100
EntryNeutral 50
Depositsat_cap
View vault detail
Leader vault

Edge & Hedge

TVL$637K
APR+28.9%
30D+2.8%
Max DD4.7%
Risk45/100
EntryNeutral 48
Depositsopen
View vault detail
What differs now

Read the trade-off, not a winner

  • HLP currently has the larger TVL ($184.5M versus $637K).
  • HLP has the lower current VaultVision risk score; the scores are 12 and 45 respectively.
  • HLP has the shallower current 30-day max drawdown; recheck the full path before treating that snapshot as stable.
  • Edge & Hedge adds manager and strategy-specific exposure; HLP is the native protocol market-making benchmark.

Checked Aug 24, 2026 19:33 UTC. Metrics render from the current VaultVision backend snapshot; no performance value is hard-coded into this page.