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$187.5M
APR+5.3%
30D+0.7%
Max DD0.0%
Risk10/100
EntryInsufficient evidence
Depositsprotocol_open
View vault detail
Leader vault

PF1

TVL$339K
APR+31.5%
30D+4.3%
Max DD0.8%
Risk23/100
EntryNeutral 65
Depositsopen
View vault detail
What differs now

Read the trade-off, not a winner

  • HLP currently has the larger TVL ($187.5M versus $339K).
  • HLP has the lower current VaultVision risk score; the scores are 10 and 23 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 Sep 17, 2026 08:19 UTC. Metrics render from the current VaultVision backend snapshot; no performance value is hard-coded into this page.