Question 1

Is +convexity a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Caution'. Risk score 22/100, max drawdown 12%, Sharpe 1.29. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is +convexity's return and TVL?

Accepted Answer

As of 2026-10-11: -1% 30-day APR, $722k total value locked.

Question 3

How risky is +convexity?

Accepted Answer

Risk score 22/100. Worst historical drawdown 12%. Sharpe (return per unit of swing) 1.29.

Question 4

Who runs +convexity?

Accepted Answer

Operator 0xc6fd7c7bc701c802cf2e75fa19cacd5e4c55af9c, keeping 40.1% of the vault in their own money and taking 10% commission on profits.

Vault address	0x5661a070eb13c7c55ac3210b2447d4bea426cbf5
Operator	0xc6fd7c7bc701c802cf2e75fa19cacd5e4c55af9c

Verdict	Caution
30-day APR	-1%
TVL	$722k
Risk score	22/100
Max drawdown	12%
Sharpe	1.29
Operator own money	40.1%
Commission	10%
Depositors	100