# dHEDGE vaults: returns, fees and drawdowns, checked

> 33 dHEDGE vaults with $50k+: size, fees, dHEDGE's own returns and our record from daily share prices. 9 lost 30%+ in a year.

Canonical: https://tradingagentstack.com/dhedge-vaults/

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From dHEDGE's public data · as of Nov 10, 2026

# dHEDGE vaults, checked: size, fees and results

dHEDGE vaults let a manager trade your money on-chain without being able to withdraw it. We save every vault dHEDGE lists once a day and show the ones with real money in them: size, fees, dHEDGE's own reported returns (labelled as theirs), and our own record, computed from the share prices we save ourselves.

More verified results: the [AI trading leaderboard](https://tradingagentstack.com/ai-trading-leaderboard/), [Hyperliquid vaults](https://tradingagentstack.com/hyperliquid-vault-ratings/), [Lighter pools](https://tradingagentstack.com/lighter-public-pools/) and [OKX copy traders](https://tradingagentstack.com/okx-copy-trading/).

**3,777**vaults listed by dHEDGE
**33**with $50k+ in them, $28.8M in all, on 6 chains
**+0.7%**median return over the last year, dHEDGE's figure (17 of 33 up)
**9**lost more than 30% over the last year

## Vaults run by a manager

Sorted by money in the vault. Our record started Nov 7, 2026; we'll rank by it once it has 30 days, and never by dHEDGE's own figures.

| Vault | In the vault | Fees | Last month dHEDGE's figure | Last year dHEDGE's figure | Our record |
| --- | --- | --- | --- | --- | --- |
| [Alpha ∞/21](https://dhedge.org/vault/0x3764f07752384450576c6d8b027d06ffa29e5ae9) by babayaga · Base | $11.2M | 10% of profits, 3% a year | −9.5% | **+6.0%** | −0.7% worst drop −1.3% · 3 days |
| [Sigma](https://dhedge.org/vault/0x117cd779caa9c6d6622858cb39b9b51fa436a64c) by Yomagi · Base | $4.1M | 20% of profits, 3% a year | −11.2% | **+4.4%** | −0.9% worst drop −1.6% · 3 days |
| [The RSPS Strategy + Gold](https://dhedge.org/vault/0xce508465b243216fcf372d3146fd62e8f7a7b8e2) by Hyperbolic · HyperEVM | $1.6M | 3% a year | −5.6% | **+13.5%** | +0.3% worst drop −0.1% · 3 days |
| [Formadores Wealth Growth](https://dhedge.org/vault/0x6aabe7861ffbcfbe8c6d925971de2c69a381136d) by kako · Polygon | $1.5M | 20% of profits, 3% a year | −16.2% | **+9.1%** | −1.3% worst drop −2.3% · 3 days |
| [4Year-Cycle Maximizer](https://dhedge.org/vault/0x93f4a36a0103ea7e2775fbb7875eeb79c91dc60c) by Prosocial Tribe · Optimism | $809k | 10% of profits, 1% a year | −12.3% | **−24.9%** | −2.4% worst drop −3.3% · 3 days |
| [Xeron](https://dhedge.org/vault/0x82ad6ed56b110de24518ce0ac0e6196dd23558ab) by Julien0912 · Polygon | $197k | 20% of profits | −5.8% | **−1.6%** | −0.9% worst drop −1.0% · 3 days |
| [Ever Growing Fund](https://dhedge.org/vault/0xc34f0ec9d7f9e399d3d4902f65b3fb4de19a9566) by EGee Cap · Arbitrum | $197k | 10% of profits | −2.2% | **−2.2%** | −1.8% worst drop −2.4% · 3 days |
| [4 Year Cycle Maximizer BTC](https://dhedge.org/vault/0x4be289a411e45bdcece1b3edbabdfbbe9e4eaab9) by Prosocial Tribe · Base | $158k | 10% of profits, 1% a year | −9.6% | **−24.2%** | −0.6% worst drop −1.3% · 3 days |
| [Pelican Balanced Growth Fund](https://dhedge.org/vault/0x9aabc871aec4975fc16567b7a454da92b15fd492) by Pelican Prosperity Partners · Arbitrum | $127k | 1% of profits | −9.3% | **+27.5%** | −0.5% worst drop −1.6% · 3 days |
| [The Professor Trading Challenge](https://dhedge.org/vault/0x09e618bc8bd8f38b5d42959d0f3ad51f92ef0aa1) by Professor · HyperEVM | $118k | 20% of profits | −50.8% | **−53.5%** | −11.0% worst drop −12.1% · 3 days |
| [COF 2036](https://dhedge.org/vault/0x43b68fffc8f0cf02c5be00da16a283ed86f68942) by Olavo de Carvalho · Base | $72k | 15% of profits, 2% a year | −10.3% | **−11.7%** | −0.8% worst drop −1.6% · 3 days |
| [Ibex Capital](https://dhedge.org/vault/0x883de09e799bdb15e5a68b2efbcd1f60a1358242) by Ibex Capital · Polygon | $68k | 20% of profits, 3% a year | −11.0% | **−33.5%** | −1.5% worst drop −1.9% · 3 days |
| [MBF System](https://dhedge.org/vault/0x04139cd6aeb58f579713c1d6585ca93265800d1a) by Marigona B. · Arbitrum | $67k | 8% of profits | +0.1% | **−2.3%** | 0.0% worst drop 0.0% · 3 days |
| [Predictable Gains](https://dhedge.org/vault/0x8e3760b5d33fca0be15d8e79dae1a27173d15ff5) by Karan · Arbitrum | $64k | none | −15.5% | **+9.7%** | −5.4% worst drop −6.6% · 3 days |
| [Nomiks Stable](https://dhedge.org/vault/0xd2834a8464a7c08f295128bef4d19d6d7144ef13) by Nomiks · Polygon | $52k | 16% of profits | +0.2% | **+2.5%** | 0.0% worst drop 0.0% · 3 days |
| [Frontier Digital (Base)](https://dhedge.org/vault/0x48cac7c9677741de613534b1dcde1dff934fe4ac) by Alex · Base | $52k | 15% of profits, 1% a year | −4.0% | **+22.8%** | −0.1% worst drop −0.1% · 3 days |
| [Momentum Ensemble](https://dhedge.org/vault/0x178175f4092d6ba11a8372ee968dc34704397a62) by Momentum Coordinator · Optimism | $51k | none | −12.0% | **−34.6%** | −2.4% worst drop −3.1% · 3 days |

## Automated products

Leveraged tokens and yield vaults dHEDGE labels Automated, mostly from Toros. No manager makes calls, so they're never ranked against the vaults above.

| Vault | In the vault | Fees | Last month dHEDGE's figure | Last year dHEDGE's figure | Our record |
| --- | --- | --- | --- | --- | --- |
| [mStable Pendled sUSDe](https://dhedge.org/vault/0xfec2adfa296fe189f53089fd5ccd8c28dd559cf2) by mStable · Ethereum | $5.2M | 10% of profits, 0.1% out | +0.5% | **+7.3%** | +0.1% worst drop 0.0% · 3 days |
| [Bitcoin Covered Call](https://dhedge.org/vault/0x2fbadd08ade2e8a24cf1fe3a58fe918336b39a72) by Toros · Arbitrum | $510k | 0.1% in, 0.1% out | −8.6% | **+8.0%** | −0.4% worst drop −1.6% · 3 days |
| [Bitcoin Short Volatility](https://dhedge.org/vault/0x8c068d7033d66c4aacab25ce8219e5688c60155f) by Toros · Arbitrum | $478k | 0.1% in, 0.1% out | +0.2% | **+7.1%** | 0.0% worst drop 0.0% · 3 days |
| [TM-BOT](https://dhedge.org/vault/0x34cbbf3ff6cf9d1b908832a669a721e73c0846b9) by ALGORIA CAPITAL · Arbitrum | $350k | 20% of profits, 0.1% out | −6.9% | **+15.0%** | −2.7% worst drop −3.2% · 3 days |
| [USD Market Neutral Yield](https://dhedge.org/vault/0xede61eefa4850b459e3b09fe6d8d371480d6ff00) by Toros · Base | $286k | 5% of profits, 0.1% in | +0.4% | **+0.7%** | 0.0% worst drop 0.0% · 3 days |
| [Ethereum Yield](https://dhedge.org/vault/0x43da9b0ab53242c55a9ff9c722ffc2a373d639c7) by Torŏs · Arbitrum | $276k | 0.1% a year, 0.1% in | −14.9% | **−39.5%** | −4.1% worst drop −5.0% · 3 days |
| [Bitcoin Bull 3X](https://dhedge.org/vault/0xad38255febd566809ae387d5be66ecd287947cb9) by Toros · Arbitrum | $261k | 0.2% in, 0.2% out | −29.7% | **−82.1%** | −2.3% worst drop −5.8% · 3 days |
| [Stablecoin Yield](https://dhedge.org/vault/0x678569fc403ea2ba46b549a4d0e15e883d7cadf5) by Torŏs · Arbitrum | $249k | 5% of profits, 0.1% in | +0.4% | **+5.0%** | 0.0% worst drop 0.0% · 3 days |
| [Stablecoin Yield](https://dhedge.org/vault/0x1ec50880101022c11530a069690f5446d1464592) by Toros · Optimism | $218k | 5% of profits, 0.1% in | +0.5% | **+4.0%** | 0.0% worst drop 0.0% · 3 days |
| [Bitcoin Bull 2X](https://dhedge.org/vault/0xe3254397f5d9c0b69917ebb49b49e103367b406f) by Toros · Arbitrum | $158k | 0.2% in, 0.2% out | −17.6% | **−59.5%** | −1.1% worst drop −3.0% · 3 days |
| [Bitcoin Bull 4X](https://dhedge.org/vault/0xd49d22f2a2f05b2088fd42503409e430a8a7d827) by Torŏs · Arbitrum | $138k | 0.25% in, 0.25% out | −40.6% | **−94.5%** | −2.8% worst drop −6.3% · 3 days |
| [Ethereum Bull 3X](https://dhedge.org/vault/0xf715724abba480d4d45f4cb52bef5ce5e3513ccc) by Toros · Arbitrum | $84k | 0.2% in, 0.2% out | −42.6% | **−93.0%** | −12.6% worst drop −15.2% · 3 days |
| [Ethereum Bull 4X](https://dhedge.org/vault/0xbf4ab4224b2ac26667cd4b8a0e5134d55cb0b293) by Torŏs · Arbitrum | $69k | 0.25% in, 0.25% out | −56.4% | **−99.2%** | −16.2% worst drop −19.1% · 3 days |
| [Perpetual Delta Neutral Yield](https://dhedge.org/vault/0xb9243c495117343981ec9f8aa2abffee54396fc0) by Toros · Optimism | $68k | 5% of profits, 0.1% in | +0.4% | **+1.0%** | 0.0% worst drop 0.0% · 3 days |
| [Bitcoin Protected 2X](https://dhedge.org/vault/0x99c917097d455d54f68a6b8e73095e30badddace) by Toros · Arbitrum | $56k | 1.33% in, 1.33% out | −11.7% | **−19.2%** | −1.4% worst drop −1.4% · 3 days |
| [Strategy STRC Preferred Bull 2X](https://dhedge.org/vault/0xe25fb378b2d98e6320cac3b32dcff2b2ae710879) by Toros · Ethereum | $52k | 0.2% in, 0.2% out | +1.7% | **+40.9%** | −0.1% worst drop −0.1% · 3 days |

**Vaults and pools on more venues:** [Paradex vaults](https://tradingagentstack.com/paradex-vaults/), [Orderly strategy vaults](https://tradingagentstack.com/orderly-vaults/), [Kamino automated liquidity vaults](https://tradingagentstack.com/kamino-liquidity-vaults/), [GRVT strategy vaults](https://tradingagentstack.com/grvt-strategy-vaults/), [Hibachi vaults](https://tradingagentstack.com/hibachi-vaults/), [Lagoon vaults](https://tradingagentstack.com/lagoon-vaults/), [Metric pools](https://tradingagentstack.com/metric-pools/), from each venue's own public data.

## FAQ

### What is dHEDGE?

dHEDGE is a protocol for on-chain investment vaults on Ethereum and its layer-2 chains. A manager runs a vault, you deposit into it and get vault tokens, and trades happen inside the vault's own contract. [dHEDGE's docs](https://docs.dhedge.org/) say the manager's wallet can never withdraw depositors' money, and managers can only use assets and protocols dHEDGE has whitelisted.

### Are dHEDGE vaults safe?

Safer than handing a trader your exchange login, not risk-free. The manager can't take the money out, but [dHEDGE's own bug bounty page](https://immunefi.com/bug-bounty/dhedge/scope/) says a manager may not follow the stated strategy, may make bad trades, and that a complete loss is possible. There's also smart contract risk: in 2023 a researcher reported a bug through that bounty that would have let a manager drain most of a vault ([the write-up](https://mirror.xyz/0x6746Cae57DA75D77137f7749582f511B4d9f866c/fU6YVrXulTL5z5qMraVTDJmnUiPP8NH17XGzDJLvq1k)). Start small.

### Which dHEDGE vaults are the biggest?

As of Nov 10, 2026: Alpha ∞/21 ($11.2M), mStable Pendled sUSDe ($5.2M), Sigma ($4.1M). Size tells you who trusts a vault, not whether it makes money. Check the last-year column and the fees too.

### Do dHEDGE vaults make money?

Over the last year, 17 of 33 vaults with $50k+ were up by dHEDGE's own figures, the median was +0.7%, and 9 lost more than 30%. Those are dHEDGE's numbers, from each vault's on-chain share price. Ours start Nov 7, 2026.

### What are the automated vaults?

Vaults dHEDGE labels Automated, mostly Toros products: leveraged tokens such as Bitcoin Bull 3X, and yield vaults. A leveraged token resets its leverage as prices move, so in a choppy market it can lose a lot even if the price ends where it started (5 of the 7 leveraged ones here lost more than half over the last year). They're listed separately and never ranked against traders.

## Method and limits

- **Who is included:** every public vault dHEDGE lists with at least $50k in it, on every chain dHEDGE runs on. Private vaults are left out.

- **dHEDGE's figures:** the last month and last year as dHEDGE reports them, from the change in each vault's share price. We show them as dHEDGE's and never rank by them.

- **Our record:** we save each vault's on-chain share price once a day, starting Nov 7, 2026, and compute the return and the worst drop from those prices ourselves. At 30 days the table switches to ranking by it, with the same 30% drawdown gate as our other boards.

- **Fees:** the performance fee (a share of profits), the yearly fee taken continuously, and any entry or exit fee, as set in each vault.

## Limits

- A share price can include deposits of rewards and other changes that aren't trading. Check a vault's page on dHEDGE before depositing.

- Daily prices hide moves inside a day, so the real worst drop can be deeper.

- Survivorship: closed and emptied vaults drop off the $50k list, so the list looks better than vaults did on average.

- Past results don't predict future results. A manager can change strategy at any time.

Updated daily from [dHEDGE's public API](https://docs.dhedge.org/) by the TradingAgentStack workers server ([code](https://github.com/intoApex/tas-workers)). Open data: [dHEDGE vaults (JSON)](https://tradingagentstack.com/data/dhedge-vaults.json). Vault and manager names are dHEDGE's public data. No affiliate links. Not financial advice.

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