Question 1

Is BULBUL2DAO a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Avoid'. Risk score 80/100, max drawdown 64%, Sharpe 1.42. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is BULBUL2DAO's return and TVL?

Accepted Answer

As of 2026-09-20: 90% 30-day APR, $363k total value locked.

Question 3

How risky is BULBUL2DAO?

Accepted Answer

Risk score 80/100. Worst historical drawdown 64%. Sharpe (return per unit of swing) 1.42.

Question 4

Who runs BULBUL2DAO?

Accepted Answer

Operator 0x65aee08c…, keeping 5.9% of the vault in their own money and taking 10% commission on profits.

Verdict	Avoid
30-day APR	90%
TVL	$363k
Risk score	80/100
Max drawdown	64%
Sharpe	1.42
Operator own money	5.9%
Commission	10%
Depositors	100