Question 1

Is Elsewhere a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Avoid'. Risk score 95/100, max drawdown 93%, Sharpe 0.43. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is Elsewhere's return and TVL?

Accepted Answer

As of 2026-07-28: 23% 30-day APR, $314k total value locked.

Question 3

How risky is Elsewhere?

Accepted Answer

Risk score 95/100. Worst historical drawdown 93%. Sharpe (return per unit of swing) 0.43.

Question 4

Who runs Elsewhere?

Accepted Answer

Operator 0x8fc7c044…, keeping 24.6% of the vault in their own money and taking 10% commission on profits.

Verdict	Avoid
30-day APR	23%
TVL	$314k
Risk score	95/100
Max drawdown	93%
Sharpe	0.43
Operator own money	24.6%
Commission	10%
Depositors	60