Question 1

Is Elsewhere a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Avoid'. Risk score 94/100, max drawdown 93%, Sharpe 0.61. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is Elsewhere's return and TVL?

Accepted Answer

As of 2026-10-11: 619% 30-day APR, $734k total value locked.

Question 3

How risky is Elsewhere?

Accepted Answer

Risk score 94/100. Worst historical drawdown 93%. Sharpe (return per unit of swing) 0.61.

Question 4

Who runs Elsewhere?

Accepted Answer

Operator 0xf5d0308ac17a33e666326df43788afaa4100b9eb, keeping 21.5% of the vault in their own money and taking 10% commission on profits.

Vault address	0x8fc7c0442e582bca195978c5a4fdec2e7c5bb0f7
Operator	0xf5d0308ac17a33e666326df43788afaa4100b9eb

Verdict	Avoid
30-day APR	619%
TVL	$734k
Risk score	94/100
Max drawdown	93%
Sharpe	0.61
Operator own money	21.5%
Commission	10%
Depositors	61