Question 1

Is Citadel a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Caution'. Risk score 62/100, max drawdown 48%, Sharpe 1.37. It does NOT clear our copy-worthiness bar — see the risk and operator figures before depositing.

Question 2

What is Citadel's return and TVL?

Accepted Answer

As of 2026-06-13: -1% 30-day APR, $569k total value locked.

Question 3

How risky is Citadel?

Accepted Answer

Risk score 62/100. Worst historical drawdown 48%. Sharpe (return per unit of swing) 1.37.

Question 4

Who runs Citadel?

Accepted Answer

Operator 0xda51323f…, keeping 24.8% of the vault in their own money and taking 10% commission on profits.

Verdict	Caution
30-day APR	-1%
TVL	$569k
Risk score	62/100
Max drawdown	48%
Sharpe	1.37
Operator own money	24.8%
Commission	10%
Depositors	100