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

HLP vs [ Systemic Strategies ] L/S Grids

A current diligence comparison of the native HLP benchmark and [ Systemic Strategies ] L/S Grids, without treating APR or one score as a permanent winner.

Protocol benchmark

Hyperliquidity Provider (HLP)

TVL$177.3M
APR+3.5%
30D+0.3%
Max DD0.0%
Risk10/100
EntryInsufficient evidence
Depositsprotocol_open
View vault detail
Leader vault

[ Systemic Strategies ] L/S Grids

TVL$10.3M
APR-9.4%
30D-8.8%
Max DD25.6%
Risk62/100
EntryNeutral 40
Depositsopen
View vault detail
What differs now

Read the trade-off, not a winner

  • HLP currently has the larger TVL ($177.3M versus $10.3M).
  • HLP has the lower current VaultVision risk score; the scores are 10 and 62 respectively.
  • HLP has the shallower current 30-day max drawdown; recheck the full path before treating that snapshot as stable.
  • [ Systemic Strategies ] L/S Grids adds manager and strategy-specific exposure; HLP is the native protocol market-making benchmark.

Checked Oct 22, 2026 07:25 UTC. Metrics render from the current VaultVision backend snapshot; no performance value is hard-coded into this page.