Question 1

Is Black Ops a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Avoid'. Risk score 39/100, max drawdown 28%, Sharpe -0.41. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is Black Ops's return and TVL?

Accepted Answer

As of 2026-07-29: 103% 30-day APR, $1.2M total value locked.

Question 3

How risky is Black Ops?

Accepted Answer

Risk score 39/100. Worst historical drawdown 28%. Sharpe (return per unit of swing) -0.41.

Question 4

Who runs Black Ops?

Accepted Answer

Operator 0x49a64893…, keeping 18.3% of the vault in their own money and taking 10% commission on profits.

Verdict	Avoid
30-day APR	103%
TVL	$1.2M
Risk score	39/100
Max drawdown	28%
Sharpe	-0.41
Operator own money	18.3%
Commission	10%
Depositors	65