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The advertised rate has been moving
Over 13 daily readings it has ranged from -1.42% to 41.21%, averaging 10.83%. The tile below shows today’s quote alone.
13 readings is 13 days, not a year. We began taking them on 2026-09-19 and this window grows with the record rather than standing in for a longer one.
Guardian Alpha
BProtecting capital. Compounding alpha. Risk-first vault targeting consistent, risk-adjusted returns. Disciplined, systematic strategy with controlled exposure. Focused on capital preservation, drawdown control, and long-term performance.
Taking money
Open
TVL
$30.7k
Return
5.2%
over its watched history
The venue advertises
41.2%
the share price implies 105% over 18 days, from 396 readings
Recent
—
30d · 90d
Market move behind it
0.8%
4.3% fall at 5.3×
Return per book-turn
0.797%
turns 0.35× a day
Max drawdown
4.3%
2.6% of it beyond the market
Sortino
—
return per unit of downside risk
Volatility
—
annualised, from daily returns
History
18d
396 readings, all taken at the time
Record begins
2026-09-22
began 2026-04-06, so 169 days of it are before anything here
Record rests on
Grade B
The whole record is grade B.
Confidence
5%
in these metrics
Value and drawdown
Range
Hover for values. Upper: vault value, with BTC indexed to the same starting capital. Lower: how far below its own peak it was.
The rate, and the seven things that qualify it
A quoted rate is one input, not a verdict. These are the same seven fields in the same order for every vault, so a high rate and a high rate nobody can withdraw from do not look alike.
- Current quoted rate
- 41.2%As the venue states it, from Hyperliquid. Passed on rather than adopted, and whether rewards are inside it is the next row.
- Rewards inside that rate
- No reward rate is published, so we cannot say whether the quote includes one.A published rate, not a verified payment. Promotional projections and amounts actually accrued are different things and this is the first.
- Realised return
- 105% over 18 daysDerived from the share price we read, over the window stated. Annualisation is secondary: the window is the measurement.
- Fee basis
- Already inside the share priceA return derived from the share price is net of whatever the venue already deducted. Fees charged outside it are not in either number.
- Withdrawable now
- The venue publishes no withdrawable figure, so no amount is claimed either way.A reading of now, not a promise about the day somebody tries. An accruing rate with nothing withdrawable is the case this section exists for.
- History quality
- 396 readingsHow many observations the derived figure rests on. A rate from three readings and one from three hundred are not the same claim.
Profit, and what the value is made of
Value held less cumulative profit is the money people put in. The venue draws the two apart; the gap is the point.Range
Profit and loss since the vault opened, as the venue reports it. It ignores deposits and withdrawals: only trading moves this line.
Value heldNet money put in
Range
Solid: what the vault holds. Dashed: what depositors put in, net of withdrawals. Where the two rise together the growth was deposits, not performance.
No strategy has been declared for this vault
Everything above is reconstructed from public data. A declaration is free, signed from this vault’s own key, and cannot be edited afterwards.Note 28
Passport
Identity
Vault contract
0xf3694dac…e6cf
NetworkHyperliquid
Platform
Hyperliquid
OperatorGuardian0xfaf003db…01c3
Deposit assetUSDC
Created on-chain2026-04-06
Where the return came from
Costs consumed 13% of gross profitGross realised$586.40
Trading fees−$53.27
Funding paid−$23.60
Net realised$509.53
Unrealised$783.75
Total$1.3k
That is 4.21% on the capital the strategy currently runs.
- Slippage is not separated: without a book snapshot at fill time it cannot be measured, so it remains inside gross rather than being estimated.
- Funding is differenced across position snapshots, so it is a flow over the window rather than a level: it counts what changed hands while we were watching and nothing before that. Intervals where a position closed and reopened are refused rather than guessed, which makes the figure a floor.
Paid to trade. Earned by trading, after paying $24 of funding to hold the position.
Computed from 261 fills over the 11d in which funding could also be measured, so every part is taken from the same days. That window opens when we started watching, not when the vault started trading. Measured by differencing 814 snapshot intervals over 11 days. 3 of 817 intervals were not attributable, a position closed and reopened, or a snapshot was missed, so this is a floor.
Analyst tier
Detail is hidden, not absentHow well it executes
Built from 234 individual fills. Two strategies with identical signals can differ by hundreds of basis points purely in how they get filled, taker share, fee rate, slippage. This is the part of a result that is operational competence rather than market view, and it is what tells you whether a good year was skill or a good venue.
See what unlocksAlready a customer? Sign inHow this vault behaves
from 283 fills over 11.65 daysTiming indicates model assisted management, confidence 67%.
- · A large share of fills land on minute boundaries.
Overnight activity 1%
Hour-of-day evenness 72%
Cadence regularity 0%
Clock alignment 64%
Fills per day 24.3
Instruments 12
Timing only. This says nothing about whether the strategy is any good, a losing bot is still a bot.
Current exposure
6 positions · $30.7k gross · 1.0x the vault's capitalHow the capacity estimate was reached
- 2 of 6 instruments showed no positive edge.
- Impact is inferred from this strategy’s own realised cost, not measured against a book.
- A 10% participation ceiling is applied where venue volume is known.
- Trade size is converted to capital using the strategy’s own capital-to-trade-size ratio.
- Capacity is capped at 50× the largest trade actually observed, beyond that we are extrapolating.
- Measured edge exceeded 100bps per trade and was clipped, above that it is directional luck, not repeatable alpha.
| Instrument | Edge | Taker | Median trade | Limit |
|---|---|---|---|---|
| ZRO | 359.6bps | 100% | $180.00 | Edge 359.6bps against 9.5bps of realised cost. |
| ONDO | 39.4bps | 100% | $400.00 | Edge 39.4bps against 9.5bps of realised cost. |
| GRASS | 574.9bps | 100% | $57.00 | Edge 574.9bps against 9.5bps of realised cost. |
| HYPE | 8.1bps | 100% | $257.00 | Edge 8.1bps against 9.5bps of realised cost. |
| PENGU | -151.2bps | 100% | $291.00 | No positive edge observed, capacity is not the binding constraint here. |
Who is in it
Money in and out
Ledger read 7 hours agoAnalyst tier
Detail is hidden, not absentWho is in this vault, and how much of it is one wallet
A vault that is eighty per cent one depositor is a vault whose price can be reset by a single withdrawal, and whose headline TVL says almost nothing about whether anyone else believes in it. Concentration is the risk a return figure never shows, and it moves before the return line does.
See what unlocksAlready a customer? Sign inWhat changed the value
8 days decomposedThe section above says money moved. This says what the movement WAS. A vault grows because deposits arrived, or because the trading worked, or because it was paid to hold a position, and a size figure renders all three identically.
| Money in and outdeposits less withdrawals, and arriving is not earning | $19,455 |
| Closed tradesrealised on the fills the venue reports | −$143 |
| Feespaid to the venue on those fills | −$26 |
| Fundingpaid or received for holding the positions, from the venue's own ledger | −$17 |
| Open positions movedchange in unrealised profit on what was still open | −$15 |
| Not explainedwhat the terms above do not account for, 0.0% of the $1,186 that moved | −$0 |
| Change in value$10,387 to $29,641, 2026-09-22 to 2026-09-30 | $19,254 |
Performance, which is the change less what arrived and left, is −$201 over days and fills.
What is still missing
- Operator cohort. We show what the venue still exposes; strategies deleted before we began observing are invisible, and only pre-registration can make a cohort provably complete.
- Gross-to-net waterfall. Returns are venue-reported and not yet decomposed into fees, funding and slippage.
- Off-chain exposure. Anything held on a centralised exchange is invisible to us, so the risk shown is a floor.