DeFi vaults are just ponzis.
You have no track record in DeFi.
Institutions will never touch DeFi.
Options are too complex for onchain people.
ETH maxis will never deposit into a vault.
Nobody wants stablecoin yield.
Derive can’t compete with Deribit.
You need more TVL.
You should just trade your own book.
Hyperliquid is too risky.
You can’t build your own pricing engine.
Nobody cares about Sharpe ratios in crypto.
Vaults only work in a bull market.
You can’t survive a 30% drawdown in ETH.
You need a bigger team.
Audits are too expensive.
HYPE is going to zero.
You can’t hedge tail risk in crypto.
You need a real fund admin.
The smart money is on centralized desks.
You can’t raise from institutions.
RWA tokenization is a fad.
You can’t do options on Hyperliquid.
The market is too small.
You should just run a simple covered call vault.
200%+ cumulative. 2.6 Sharpe. 0% monthly drawdown. 29 epochs. $1B+ notional traded.
Just keep going.
@hasufl is right.
Protocol audits are table stakes.
The real attack surface is operational: key management, deployment pipelines, infrastructure hygiene, and incident response.
That is exactly why, before our first vault went live, D2 commissioned an independent operational security review by @BowTiedIguana.
It covered core team device hardening, hardware 2FA enforcement, least-privilege cloud infrastructure, deployment controls, monitoring, and incident response.
More importantly, we had skin in the game from day one.
Even though our public track record starts in Dec 2023, we traded internal capital for months before accepting a dollar of user deposits.
That meant scaling slower. It was worth it.
Better for us. Better for users. Better sleep at night for everyone.
Security is not a checkbox. It is infrastructure.
28+ months live. Zero incidents. Zero exploits. Multiple redundancies.
@satsdart@brian_armstrong by far the biggest issue seems to be people not having ID from the country of their residence because they have another nationality. Its incredible that the coinbase support doesnt know you can live in another country without having a local ID? unreal.