Question 1

Is Morph a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Caution'. Risk score 6/100, max drawdown 7%, Sharpe None. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is Morph's return and TVL?

Accepted Answer

As of 2026-10-14: -0% 30-day APR, $50k total value locked.

Question 3

How risky is Morph?

Accepted Answer

Risk score 6/100. Worst historical drawdown 7%. Sharpe (return per unit of swing) None.

Question 4

Who runs Morph?

Accepted Answer

Operator 0x00000000002f3d928030df28cb15b27b56888b9b, keeping 100.0% of the vault in their own money and taking 10% commission on profits.

Vault address	0x8a6594bfeff2573e09d7a73ded98b688a819b300
Operator	0x00000000002f3d928030df28cb15b27b56888b9b

Verdict	Caution
30-day APR	-0%
TVL	$50k
Risk score	6/100
Max drawdown	7%
Sharpe
Operator own money	100.0%
Commission	10%
Depositors	4