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

HLP vs PF1

A current diligence comparison of the native HLP benchmark and PF1, without treating APR or one score as a permanent winner.

Protocol benchmark

Hyperliquidity Provider (HLP)

TVL$150.3M
APR-0.1%
30D+0.0%
Max DD0.3%
Risk12/100
EntryInsufficient evidence
Depositsprotocol_open
View vault detail
Leader vault

PF1

TVL$758K
APR-0.2%
30D-0.0%
Max DD1.7%
Risk38/100
EntryNeutral 55
Depositsopen
View vault detail
What differs now

Read the trade-off, not a winner

  • HLP currently has the larger TVL ($150.3M versus $758K).
  • HLP has the lower current VaultVision risk score; the scores are 12 and 38 respectively.
  • HLP has the shallower current 30-day max drawdown; recheck the full path before treating that snapshot as stable.
  • PF1 adds manager and strategy-specific exposure; HLP is the native protocol market-making benchmark.

Checked Nov 03, 2026 13:39 UTC. Metrics render from the current VaultVision backend snapshot; no performance value is hard-coded into this page.