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

HLP vs Portola Strategies

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

Protocol benchmark

Hyperliquidity Provider (HLP)

TVL$182.8M
APR+4.1%
30D+0.3%
Max DD0.0%
Risk10/100
EntryInsufficient evidence
Depositsprotocol_open
View vault detail
Leader vault

Portola Strategies

TVL$409K
APR+254.0%
30D+86.5%
Max DD24.4%
Risk72/100
EntryNeutral 60
Depositsopen
View vault detail
What differs now

Read the trade-off, not a winner

  • HLP currently has the larger TVL ($182.8M versus $409K).
  • HLP has the lower current VaultVision risk score; the scores are 10 and 72 respectively.
  • HLP has the shallower current 30-day max drawdown; recheck the full path before treating that snapshot as stable.
  • Portola Strategies adds manager and strategy-specific exposure; HLP is the native protocol market-making benchmark.

Checked Oct 03, 2026 06:52 UTC. Metrics render from the current VaultVision backend snapshot; no performance value is hard-coded into this page.