Question 1

Is Wonderland a good Hyperliquid vault to copy?

Accepted Answer

Blacklight's verdict is 'Avoid'. Risk score 100/100, max drawdown 65%, Sharpe 0.85. It does NOT clear our bar for being worth copying — see the risk and operator figures before depositing.

Question 2

What is Wonderland's return and TVL?

Accepted Answer

As of 2026-07-29: 55% 30-day APR, $71k total value locked.

Question 3

How risky is Wonderland?

Accepted Answer

Risk score 100/100. Worst historical drawdown 65%. Sharpe (return per unit of swing) 0.85.

Question 4

Who runs Wonderland?

Accepted Answer

Operator 0x9a88dd4e…, keeping 99.8% of the vault in their own money and taking 10% commission on profits.

Verdict	Avoid
30-day APR	55%
TVL	$71k
Risk score	100/100
Max drawdown	65%
Sharpe	0.85
Operator own money	99.8%
Commission	10%
Depositors	54