Question 1

Is [ Systemic Strategies ] L/S Grids a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Caution'. Risk score 40/100, max drawdown 29%, Sharpe 1.15. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is [ Systemic Strategies ] L/S Grids's return and TVL?

Accepted Answer

As of 2026-09-20: 35% 30-day APR, $14.8M total value locked.

Question 3

How risky is [ Systemic Strategies ] L/S Grids?

Accepted Answer

Risk score 40/100. Worst historical drawdown 29%. Sharpe (return per unit of swing) 1.15.

Question 4

Who runs [ Systemic Strategies ] L/S Grids?

Accepted Answer

Operator 0x07fd993f…, keeping 6.0% of the vault in their own money and taking 10% commission on profits.

Verdict	Caution
30-day APR	35%
TVL	$14.8M
Risk score	40/100
Max drawdown	29%
Sharpe	1.15
Operator own money	6.0%
Commission	10%
Depositors	100