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

HLP vs reverse mid curver

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

Protocol benchmark

Hyperliquidity Provider (HLP)

TVL$186.9M
APR+7.1%
30D+0.5%
Max DD0.0%
Risk12/100
EntryNeutral 60
Depositsat_cap
View vault detail
Leader vault

reverse mid curver

TVL$355K
APR-7.4%
30D-7.4%
Max DD9.9%
Risk51/100
EntryNeutral 43
DepositsRecheck deposits
View vault detail
What differs now

Read the trade-off, not a winner

  • HLP currently has the larger TVL ($186.9M versus $355K).
  • HLP has the lower current VaultVision risk score; the scores are 12 and 51 respectively.
  • HLP has the shallower current 30-day max drawdown; recheck the full path before treating that snapshot as stable.
  • reverse mid curver adds manager and strategy-specific exposure; HLP is the native protocol market-making benchmark.

Checked Aug 29, 2026 13:04 UTC. Metrics render from the current VaultVision backend snapshot; no performance value is hard-coded into this page.