VaultVision
Live Hyperliquid vault comparison

HLP vs Long HYPE | Short Garbage

A current diligence comparison of the native HLP benchmark and Long HYPE | Short Garbage, without treating APR or one score as a permanent winner.

Protocol benchmark

Hyperliquidity Provider (HLP)

TVL$248.9M
APR-0.0%
30D+5.1%
Max DD11.1%
Risk41/100
EntryGood Entry 75
Depositsat_cap
View vault detail
Leader vault

Long HYPE | Short Garbage

TVL$508K
APR-6.3%
30D+2.1%
Max DD2.5%
Risk46/100
EntryAvoid 38
Depositsopen
View vault detail
What differs now

Read the trade-off, not a winner

  • HLP currently has the larger TVL ($248.9M versus $508K).
  • HLP has the lower current VaultVision risk score; the scores are 41 and 46 respectively.
  • Long HYPE | Short Garbage has the shallower current 30-day max drawdown; recheck the full path before treating that snapshot as stable.
  • Long HYPE | Short Garbage adds manager and strategy-specific exposure; HLP is the native protocol market-making benchmark.

Checked Jul 19, 2026 13:24 UTC. Metrics render from the current VaultVision backend snapshot; no performance value is hard-coded into this page.