Question 1

Is +convexity a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Caution'. Risk score 22/100, max drawdown 12%, Sharpe 1.41. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is +convexity's return and TVL?

Accepted Answer

As of 2026-09-20: 86% 30-day APR, $729k total value locked.

Question 3

How risky is +convexity?

Accepted Answer

Risk score 22/100. Worst historical drawdown 12%. Sharpe (return per unit of swing) 1.41.

Question 4

Who runs +convexity?

Accepted Answer

Operator 0x5661a070…, keeping 40.3% of the vault in their own money and taking 10% commission on profits.

Verdict	Caution
30-day APR	86%
TVL	$729k
Risk score	22/100
Max drawdown	12%
Sharpe	1.41
Operator own money	40.3%
Commission	10%
Depositors	100