Can a vault steal your money? Custody on Hyperliquid, explained

Quick disclosure: I run Altcopy and my Index allocates to native vaults — full version in the map post. Now the scariest question, answered plainly. When you deposit into a "vault," the first thing worth knowing isn't the yield. It's: can whoever runs it take

The Hyperliquid yield map: who actually does what

A quick disclosure first, because it matters: I run Altcopy. One of my products, the Index, allocates to native Hyperliquid vaults. So when I tell you native vaults are still worth your attention, you should know I have a position. That's exactly why this map includes the parts

The Altcopy Index — week of Jun 29, 2026

Where the Altcopy Index stands this week, and what moved — 15 vaults, every number recomputed from public data.

The 10-minute due diligence: the smallest homework that keeps you safe

The smallest routine that lets you delegate safely: five questions, about ten minutes, before any money moves. Being hands-off was never the problem — being hands-off and unguarded was.

Where to actually look: reliable sources for the hands-off investor

Run from the influencer, skip the course — so where does a hands-off investor actually go? The good sources share one property the noise machine can't fake: you don't have to trust them, you can check them.

The course trap: when someone sells the map instead of walking it

If the edge were real, they'd trade it — not sell it to strangers for $997. The trading course's business model is the whole confession. Plus the rare case where education is worth paying for.

Run from the influencer: why the trading guru can't be trusted

The trading influencer isn't untrustworthy because they're a bad person. They're untrustworthy because of how they get paid. Once you see the wiring, you can stop evaluating and just run.

The delegator's dilemma: how to copy trade without getting played

Copy trading is delegation, and delegation is a perfectly good choice. But it comes with one unavoidable tax: you have to vet who you're trusting. Here's the smallest homework that keeps you safe.

The DeFi investor ladder: who's ready now, and what unlocks each rung

Is DeFi only for nerds? No. It's good for specific investors in a specific order — and there's no single barrier, but a different one for each. The whole ladder, in one view.

The family office: what would it actually take?

Everyone assumes a fiduciary can't touch DeFi. They have it backwards: on-chain transparency is exactly what a family office should want. Here's what it would actually take.