VaultVision read
Watch inspect before chasing the headline APR
Worth monitoring, but the read depends on drawdown, entry timing, and whether deposits are actually available. HLP context: $313.4M TVL, +1.2% APR, 64/100 risk, 26.9% 30d max drawdown.
Why inspect
- Scale check: $478K TVL gives the read enough capital context.
- Risk check: 69/100 high risk with 19.4% 30d max drawdown.
- Entry check: Neutral; deposit state: near_leader_cap.
What can break
- Headline APR can hide manager path risk and recent drawdown.
- Recent 30d return is -0.2%; inspect the chart before treating it as stable.
- Capacity can change quickly on Hyperliquid vaults, so revalidate before any deposit.
VaultVision read: BULBUL2DAO has $478K TVL, 19.4% 30d max drawdown, 69/100 risk. Use it as diligence context, not a blind APR chase.