Question 1

Is Tera Liquid a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Avoid'. Risk score 85/100, max drawdown 62%, Sharpe 0.79. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is Tera Liquid's return and TVL?

Accepted Answer

As of 2026-10-11: 75% 30-day APR, $171k total value locked.

Question 3

How risky is Tera Liquid?

Accepted Answer

Risk score 85/100. Worst historical drawdown 62%. Sharpe (return per unit of swing) 0.79.

Question 4

Who runs Tera Liquid?

Accepted Answer

Operator 0x8803d442d3b15908f9838924a2b196e32cd6ae8e, keeping 96.5% of the vault in their own money and taking 10% commission on profits.

Vault address	0x15a141990fc6591838646467273c41c92999772f
Operator	0x8803d442d3b15908f9838924a2b196e32cd6ae8e

Verdict	Avoid
30-day APR	75%
TVL	$171k
Risk score	85/100
Max drawdown	62%
Sharpe	0.79
Operator own money	96.5%
Commission	10%
Depositors	30