Question 1

Is KARAVELA VAULTS a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Avoid'. Risk score 40/100, max drawdown 37%, Sharpe -0.72. It does NOT clear our copy-worthiness bar — see the risk and operator figures before depositing.

Question 2

What is KARAVELA VAULTS's return and TVL?

Accepted Answer

As of 2026-06-13: -5% 30-day APR, $111k total value locked.

Question 3

How risky is KARAVELA VAULTS?

Accepted Answer

Risk score 40/100. Worst historical drawdown 37%. Sharpe (return per unit of swing) -0.72.

Question 4

Who runs KARAVELA VAULTS?

Accepted Answer

Operator 0x8825e6ed…, keeping 97.7% of the vault in their own money and taking 10% commission on profits.

Verdict	Avoid
30-day APR	-5%
TVL	$111k
Risk score	40/100
Max drawdown	37%
Sharpe	-0.72
Operator own money	97.7%
Commission	10%
Depositors	8