Question 1

Is BULBUL2DAO a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Avoid'. Risk score 79/100, max drawdown 64%, Sharpe 1.44. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is BULBUL2DAO's return and TVL?

Accepted Answer

As of 2026-10-11: 167% 30-day APR, $404k total value locked.

Question 3

How risky is BULBUL2DAO?

Accepted Answer

Risk score 79/100. Worst historical drawdown 64%. Sharpe (return per unit of swing) 1.44.

Question 4

Who runs BULBUL2DAO?

Accepted Answer

Operator 0xf230daae38627c46367334a7494dc37861b4d3ef, keeping 5.5% of the vault in their own money and taking 10% commission on profits.

Vault address	0x65aee08c9235025355ac6c5ad020fb167ecef4fe
Operator	0xf230daae38627c46367334a7494dc37861b4d3ef

Verdict	Avoid
30-day APR	167%
TVL	$404k
Risk score	79/100
Max drawdown	64%
Sharpe	1.44
Operator own money	5.5%
Commission	10%
Depositors	100