Question 1

Is pmalt a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Avoid'. Risk score 71/100, max drawdown 1318%, Sharpe 1.54. It does NOT clear our copy-worthiness bar — see the risk and operator figures before depositing.

Question 2

What is pmalt's return and TVL?

Accepted Answer

As of 2026-06-13: -28% 30-day APR, $491k total value locked.

Question 3

How risky is pmalt?

Accepted Answer

Risk score 71/100. Worst historical drawdown 1318%. Sharpe (return per unit of swing) 1.54.

Question 4

Who runs pmalt?

Accepted Answer

Operator 0x4dec0a85…, keeping 10.8% of the vault in their own money and taking 10% commission on profits.

Verdict	Avoid
30-day APR	-28%
TVL	$491k
Risk score	71/100
Max drawdown	1318%
Sharpe	1.54
Operator own money	10.8%
Commission	10%
Depositors	100