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vaults

A collection of 46 issues

DEX by DEX, part 1 — Drift: Hyperliquid's closest rival, and a $285M lesson

A venue-by-venue tour of how each DEX handles vaults and copy trading. We start with Drift — the only place besides Hyperliquid where you can truly follow a trader on-chain — and the $285M hack that taught the whole space a lesson.

The S&P 500 of Hyperliquid vaults? What our Index borrows — and what it doesn't

Call the Altcopy Index “the S&P 500 of vaults” and you'd be half right — the index idea carries over, the safety doesn't. Measured against the S&P, the Nasdaq-100, and a hedge fund-of-funds, here's what our Index really is — and the two things it does better than any of them.

New, but evolving at light speed: Hyperliquid's milestones — and the piece we're adding

Hyperliquid is barely two years old but has sprinted through mainnet, the HYPE airdrop, dominance, and now programmable HyperEVM vaults. Every maturing market eventually grows an index layer — and that's the missing piece we're building: the Altcopy Index.

Taxes on a DEX: no KYC, no forms — and still 100% your job

On a CEX, the exchange tracks and reports your gains. On Hyperliquid and other DEXs, nobody does — which doesn't mean tax-free. It means the whole responsibility is yours. How wallet-only identity really works, and how to stay compliant.

Vault review: ASTEROID — the smoothest ride in the Index, and the catch

The best risk-adjusted profile in the Altcopy Index — a 3% drawdown, Calmar near 14, no leverage. And one depositor holding 84% of it. An honest reading of the receipts.

Coins, vaults, or the Altcopy Index — which one is for you?

Three honest ways to get crypto exposure: hold the coins yourself, back a single vault, or follow the Altcopy Index. The upside, the catch, and who each one is actually for.

How to follow the Altcopy Index by hand

Until a vault of vaults automates it, following the Index is a handful of deposits on your own keys. The whole process, start to finish — read the basket, size it sanely, deposit, rebalance.

The vault of vaults: what we're building next

Following the Index is a manual job today. The fix is a vault you deposit into once that follows the Index for you — rotating, respecting capacity, one fee. What it'll be, and the audit gate before it ever holds a dollar.

Altcopy Index vs. Hyperliquid's official vault page

Hyperliquid's official page is where you deposit. It's a trap for deciding. Three vaults that look great there — and what the leaderboard says about each. Use both, for different things.

If you want to invest more than $1M, here's how the Altcopy Index behaves today

Most 'best vault' advice assumes you have a few thousand dollars. At real size, the question flips from which vault is best to which vault can even hold your money. Here's what the Index can absorb today — and why, past about $1M, it becomes mostly one vault.