Question 1

Is Wonderland a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Avoid'. Risk score 100/100, max drawdown 65%, Sharpe 1.06. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is Wonderland's return and TVL?

Accepted Answer

As of 2026-10-11: -4% 30-day APR, $112k total value locked.

Question 3

How risky is Wonderland?

Accepted Answer

Risk score 100/100. Worst historical drawdown 65%. Sharpe (return per unit of swing) 1.06.

Question 4

Who runs Wonderland?

Accepted Answer

Operator 0x228ed7bff391e92ba3ddcbcda8db7a0134ef2587, keeping 99.8% of the vault in their own money and taking 10% commission on profits.

Vault address	0x9a88dd4eacc3aa561c4f50ec66bcede831bec813
Operator	0x228ed7bff391e92ba3ddcbcda8db7a0134ef2587

Verdict	Avoid
30-day APR	-4%
TVL	$112k
Risk score	100/100
Max drawdown	65%
Sharpe	1.06
Operator own money	99.8%
Commission	10%
Depositors	54