Question 1

Is Pulse@Evo-α a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Avoid'. Risk score 25/100, max drawdown 22%, Sharpe -0.46. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is Pulse@Evo-α's return and TVL?

Accepted Answer

As of 2026-07-29: -2% 30-day APR, $100k total value locked.

Question 3

How risky is Pulse@Evo-α?

Accepted Answer

Risk score 25/100. Worst historical drawdown 22%. Sharpe (return per unit of swing) -0.46.

Question 4

Who runs Pulse@Evo-α?

Accepted Answer

Operator 0x22a60014…, keeping 90.9% of the vault in their own money and taking 10% commission on profits.

Verdict	Avoid
30-day APR	-2%
TVL	$100k
Risk score	25/100
Max drawdown	22%
Sharpe	-0.46
Operator own money	90.9%
Commission	10%
Depositors	28