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$186.5M
APR+2.7%
30D+0.2%
Max DD0.0%
Risk12/100
EntryNeutral 41
Depositsat_cap
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Leader vault

[ Systemic Strategies ] L/S Grids

TVL$8.6M
APR+92.7%
30D+8.6%
Max DD4.0%
Risk38/100
EntryGood Entry 71
Depositsopen
View vault detail
What differs now

Read the trade-off, not a winner

  • HLP currently has the larger TVL ($186.5M versus $8.6M).
  • 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.
  • [ Systemic Strategies ] L/S Grids adds manager and strategy-specific exposure; HLP is the native protocol market-making benchmark.

Checked Aug 19, 2026 17:40 UTC. Metrics render from the current VaultVision backend snapshot; no performance value is hard-coded into this page.