Question 1

Is pmalt a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Avoid'. Risk score 64/100, max drawdown 51%, Sharpe 0.63. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is pmalt's return and TVL?

Accepted Answer

As of 2026-10-11: -39% 30-day APR, $271k total value locked.

Question 3

How risky is pmalt?

Accepted Answer

Risk score 64/100. Worst historical drawdown 51%. Sharpe (return per unit of swing) 0.63.

Question 4

Who runs pmalt?

Accepted Answer

Operator 0x526178b96c8c5d7a4e4f76f298ec0170aa0d1d2a, keeping 13.5% of the vault in their own money and taking 10% commission on profits.

Vault address	0x4dec0a851849056e259128464ef28ce78afa27f6
Operator	0x526178b96c8c5d7a4e4f76f298ec0170aa0d1d2a

Verdict	Avoid
30-day APR	-39%
TVL	$271k
Risk score	64/100
Max drawdown	51%
Sharpe	0.63
Operator own money	13.5%
Commission	10%
Depositors	100