Vaults
Vaults are Hyperliquid's native way to follow a strategy with pooled capital. Mirroring is the opposite arrangement: nothing is pooled, and every position exists in your own account under your own address.
In short
A vault pools depositors' capital into one account managed by a vault leader; your exposure is a share of that pool and your positions are not individually yours. Mirroring reproduces leaders' positions inside your own account and sub-accounts, so attribution, margin and exit are per-user rather than shared.
| Dimension | Hyperliquid vault | HyperMirror |
|---|---|---|
| Capital location | Deposited into the vault contract | Your own account and sub-accounts |
| Exposure | Vault leader's single strategy | Score-weighted basket of leaders |
| Attribution | Pooled vault PnL | Per-leader PnL in isolated sub-accounts |
| Exit | Vault withdrawal rules and lockups | Revoke agent, positions close, funds already yours |
| Fee model | Vault profit share | 0.1% builder fee on mirrored volume |
In a vault, one account holds the strategy and depositors hold claims on it. That is efficient: a single set of positions, netted margin, no replication slippage between followers.
Mirroring accepts replication overhead — each account gets its own fills at its own prices — in exchange for positions that are literally yours, exitable at any moment without depending on vault mechanics or other depositors.
Most vault allocations are a bet on one manager, which is the same concentration question as single-leader copying. Spreading across several vaults reintroduces the netting problem if you are also trading yourself, and gives you no unified scoring across managers.
A scored basket applies one consistent selection framework across leaders: consistency, profit factor, position discipline and survivability, with capital weighted by score rather than split by intuition.
Vaults are simpler, need no agent approval, and avoid replication divergence entirely. If you want exposure to one specific manager with minimal operational involvement, a vault does that with less machinery.
They also net margin in a single account, which can be more capital-efficient than isolated sub-accounts.
Both structures place leveraged perpetual positions. Vault depositors additionally carry pooled-account and manager-specific risk; mirrored accounts carry replication and tracking risk.
Past performance is not indicative of future results. Perpetual futures are leveraged instruments and carry a substantial risk of loss, including the loss of your entire position.
Questions
No. You deposit into your own Hyperliquid account. There is no pool.
No. Replication happens after the leader's action, so prices differ. That divergence is called tracking error.
Yes, though be aware of how total leverage across vault exposure and mirrored positions accumulates.
Score-weighted allocation across up to 10 elite Hyperliquid traders, each isolated in its own sub-account. Your funds never leave your account.
Non-custodial · Agent cannot withdraw · Cancel delegation anytime
