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HLP Liquidator 2
BlikelyThis strategy liquidates positions on liquid coins as soon as they become liquidatable. Once it acquires these positions, it exits the positions using a market making algorithm.
One thing worth a look
Patterns in this vault’s record that have more than one explanation. None of them lowers its grade and none of them is a finding of wrongdoing — a ledger cannot separate the readings below, and neither can we.
- The operator holds 100% of this vault themselves.
- Equally consistent with: A manager with their own money at risk, which is usually a good sign. It does mean the return is a personal account’s, not a record of managing anyone else’s.
Measured over the last 30 days, as of 2026-08-24 17:53Z. A pattern that stops is cleared rather than left standing.
Taking money
Open
TVL
$30.00M
Return
388.0%
387.9% of it earned above $1M, over 467 days
Recent
0.8% · 0.8%
30d · 90d · 372.3% over a year
Max drawdown
0.8%
peak to trough
Sortino
—
return per unit of downside risk
History
1.3y
700 observations
Confidence
37%
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.
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 contract0xb0a55f13…9540
Network
Hyperliquid
PlatformHyperliquid
OperatorHLP0xdfc24b07…f303
Deposit assetUSDC
Created on-chain2025-04-20
First observed by us2026-08-11
Statuslive
What is deciding
unregisteredStrategy versionNot attested — the operator has not bound this record to a specific version
Model providerNot attested — no model declared
ModelNot attested — no model declared
System prompt hashNot attested — no prompt commitment
Policy hashNot attested — no policy commitment
Inferred moderules automated (61% confidence)
These fields are empty because nobody has attested them, not because we failed to find them. An operator who registers gets a record that provably cannot be edited after the fact — and a grade no unregistered strategy can reach.
How much to trust this
Provenance gradeBReal capital, readable at the venue — but the operator’s full cohort is unproven.
Machine-managedyes (70% confidence)
Evidence
- behavioural Execution timing indicates automation (rules automated): Observed for under a day, so the overnight signal is not yet available.
Metric confidence37%73 observations over 488 days
RankingNot ranked — insufficient history
Alignment and capacity
Operator’s own share100.0%
Commission—
Depositor wallets1
Concentration1.00 · largest holder 100%
Estimated capacity$1.24B ($620.11M–$2.48B)
Net flow 30d$0.00
Where the return came from
Costs consumed 5% of gross profitGross realised$256.3k
Trading fees−$13.4k
Funding received$49.77
Net realised$242.9k
Unrealised−$22.3k
Total$220.6k
That is 0.74% 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.
Computed from 5,293 recorded fills and the funding on currently open positions. It covers the window we have observed, not the vault’s whole life.
How well it executes
from 5,000 fills over 0.25 daysTaker share 100% by value
Fee rate 3.55bps
Daily turnover $148.82M
Annual fee drag 64.2%
- · Almost entirely taker flow: this strategy pays the spread on nearly every trade, so its edge has to clear that first.
- · Under two days of execution observed; treat these as indicative.
How this vault behaves
from 3,000 fills over 0.22 daysTiming indicates rules automated management, confidence 61%.
- · Observed for under a day, so the overnight signal is not yet available.
- · 13551.8 fills per day — beyond sustained manual trading.
Overnight activity not yet measurable
Hour-of-day evenness 39%
Cadence regularity 0%
Clock alignment 28%
Fills per day 13551.8
Instruments 2
Timing only. This says nothing about whether the strategy is any good — a losing bot is still a bot.
Current exposure
1 positions · $1.92M gross · 0.1x the vault's capital| Instrument | Side | Notional | Share | Entry | Unrealised | Leverage |
|---|---|---|---|---|---|---|
| ETH | short | $1.92M | 100% | 2241.43 | -$22.3k | 20x |
Snapshot taken 2026-08-19 21:16 UTC. A strategy that flips intraday can look flat at every snapshot and still carry risk in between. Click an instrument to see every other vault holding it.
How the capacity estimate was reached
- 1 of 2 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.
| Instrument | Edge | Taker | Median trade | Limit |
|---|---|---|---|---|
| BTC | 94.8bps | 100% | $3.6k | Limited by market share: 10% of 5001M daily volume across 3328 trades a day. |
| ETH | -19.1bps | 100% | $2.5k | No positive edge observed — capacity is not the binding constraint here. |
Who is in it
as at 2026-08-24 19:45Largest wallet
100.0%
Top five
100.0%
Concentration
1.000
Wallets seen
1
| # | Wallet | Deposited | Share | All-time P&L | In for |
|---|---|---|---|---|---|
| 1 | Leader | $30.00M | 100.0% | $30.82M | 491d |
Shares are of the capital we can observe, not of reported TVL ($30.00M) — dividing by a total that includes wallets outside our sample would understate every share and make concentration look better than it is.
Money in and out
Ledger read 3 hours agoIn
$20.47M
10 deposits
Out
$0.00
0 withdrawals
Net
$20.47M
68.2% of TVL
Window
292d
last 10 movements
| When | Type | Amount | Of vault | Transaction |
|---|---|---|---|---|
| 2026-02-07 00:20 | deposit | $15.83 | 0.00% | 0x7529660a…69d8 |
| 2025-10-11 11:15 | deposit | $12.91M | 43.04% | 0xe8e4567d…58c6 |
| 2025-08-10 05:06 | deposit | $18.97 | 0.00% | 0xa0504e7c…9798 |
| 2025-06-22 21:25 | deposit | $25.5k | 0.08% | 0x7619ca5e…328e |
| 2025-06-21 21:25 | deposit | $34.6k | 0.12% | 0xab822021…4877 |
| 2025-05-22 06:19 | deposit | $4.00M | 13.33% | 0xbcd9f8ee…3059 |
| 2025-05-19 20:00 | deposit | $738.51 | 0.00% | 0x59b07ee9…9b01 |
| 2025-05-15 07:42 | deposit | $500.0k | 1.67% | 0xfe7393ab…8f5d |
| 2025-05-14 07:42 | deposit | $2.00M | 6.67% | 0x251efdca…d529 |
| 2025-04-20 14:18 | deposit | $999.9k | 3.33% | 0xd2187c1e…df75 |
Shares are against the vault’s current size, so an old movement is measured against today rather than against what the vault was then. It is the comparison a reader wants — how much of this vault that was — and it is not the same as the share it represented at the time.
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.