Question 1

Is 22Cap a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Caution'. Risk score 34/100, max drawdown 26%, Sharpe 1.14. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is 22Cap's return and TVL?

Accepted Answer

As of 2026-09-12: 16% 30-day APR, $182k total value locked.

Question 3

How risky is 22Cap?

Accepted Answer

Risk score 34/100. Worst historical drawdown 26%. Sharpe (return per unit of swing) 1.14.

Question 4

Who runs 22Cap?

Accepted Answer

Operator 0xba939edf…, keeping 56.5% of the vault in their own money and taking 10% commission on profits.

Verdict	Caution
30-day APR	16%
TVL	$182k
Risk score	34/100
Max drawdown	26%
Sharpe	1.14
Operator own money	56.5%
Commission	10%
Depositors	100