• Deposits may be disabled for this vault

Share token price

Other metrics

3M Sharpe
2.1
3M volatility
67.7%
Age
0.5 years
Maximum drawdown
0.0%
Xerberus risk
55 / 100
Lockup period
59d 6h
Denomination

Performance and fees

1M3M6M1YLifetime
Gross Gross 0.0% 205.5% 98.2% 95.3% 95.3%
Performance fee Performance 20.0%20.0%20.0%20.0%20.0%
Management fee Management 0.0%0.0%0.0%0.0%0.0%
Deposit fee Deposit 0.0%0.0%0.0%0.0%0.0%
Withdrawal fee Withdrawal 0.0%0.0%0.0%0.0%0.0%
Net Net 0.0% 205.5% 98.2% 95.3% 95.3%

Internalised fees are reflected in the share price. One-time deposit and withdrawal fees may still affect net returns.

Curated by D2 Finance

This vault is curated by D2 Finance.

View all D2 Finance vaults

Running on D2 Finance protocol

This vault is running on D2 Finance:

Tokenised, actively managed derivatives strategies executed on-chain.

View all D2 Finance vaults
Xerberus logo

Xerberus risk rating

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Transaction status

Deposits Funding phase closed (opens in 45.1d) Opens in 42 days
Redemptions Open

Notes

D2 Finance texasHedge (TXHEDGE) is a HyperEVM USDC tactical strategy vault.

Summary: The vault is a high-risk, multi-leg directional strategy around SpaceX pre-IPO exposure and related market flows. It combines a financed SpaceX perpetual position with long S&P downside convexity and long Tesla/Mag-7 upside convexity, funded by selling DRAM upside convexity. D2 describes the strategy in its Texas Hedge Epoch 2 blog post.

The authoritative D2 source for this vault is the D2 strategy page.

This is not a market-neutral yield product; D2 categorises it as a degen/tactical strategy where investors can lose the full vault stake.

Returns and period details

MetricWeekMonth3 months6 monthsYearLifetime
Ranking overall------#16#19#17#20
Ranking on Hyperliquid------#1#1#1#1
Ranking on D2 Finance------#1#1#1#1
CAGR (net)0.0%0.0%205.5%98.2%95.3%95.3%
CAGR (gross)0.0%0.0%205.5%98.2%95.3%95.3%
Returns (net)0.0%0.0%31.7%40.1%40.1%40.1%
Returns (gross)0.0%0.0%31.7%40.1%40.1%40.1%
Sharpe ratio0.000.002.141.841.821.82
Max drawdown0.0%0.0%0.0%0.0%0.0%0.0%

Technical Details

Vault nametexasHedge
Vault address0x208f63a7f60c319597c05fa5ec67fde41839bad6
Chain Hyperliquid (999)
Denomination Circle USDC (USDC)
Exchange rate used1 USDC = $1.0000
Share tokenTXHEDGE
ProtocolD2 Finance
HomepageView vault on protocol website
Current TVL199,999.994 USDC
Peak TVL199,999.994 USDC
Last share price1.401 USDC
Last updated
Last updated block43,578,803
Data refreshed at
Data starts2026-02-16 00:00:00 UTC
Fee modeInternalised (performance fee taken from closed positions)
Fees internalisedYes
Featuresd2_like
Flags---
Whitelist statusPermissionless
Deposit statusFunding phase closed (opens in 45.1d)
Redemption statusOpen
Deposit/redemption events61

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