• Deposits may be disabled for this vault
๐Ÿ†

Share token price

Transaction status

Deposits Funding phase closed (opens in -266h)
Redemptions Open

Other metrics

3M Sharpe
2.1
3M volatility
68.1%
Age
0.4 years
Maximum drawdown
0.0%
Protocol Technical Risk
Lockup period
33d 12h
Denomination

Returns and fees

1M3M6M1YLifetime
Gross Gross 2,750.9% 205.5% 124.8% 124.8% 124.8%
Performance fee Performance 0.0%0.0%0.0%0.0%0.0%
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 2,750.9% 205.5% 124.8% 124.8% 124.8%

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.

About D2 Finance

This vault is curated by D2 Finance.

View all D2 Finance vaults

About D2 Finance

This vault is running on D2 Finance:

Tokenised, actively managed derivatives strategies executed on-chain.

View all D2 Finance vaults

Performance metrics

MetricWeekMonth3 months6 monthsYearLifetime
Ranking overall---#6#15#15#15#13
Ranking on Hyperliquid---#1#1#1#1#1
Ranking on D2 Finance---#1#1#1#1#1
CAGR (net)0.0%2,750.9%205.5%124.8%124.8%124.8%
CAGR (gross)0.0%2,750.9%205.5%124.8%124.8%124.8%
Returns (net)0.0%31.7%31.7%40.1%40.1%40.1%
Returns (gross)0.0%31.7%31.7%40.1%40.1%40.1%
Sharpe ratio0.003.612.152.022.022.02
Max drawdown0.0%0.0%0.0%0.0%0.0%0.0%
Volatility0.0%114.4%68.1%55.1%55.1%55.1%
TVL low$92.28K$92.28K$10.93K$10.93K$10.93K$10.93K
TVL high$98.74K$118.79K$118.79K$118.79K$118.79K$118.79K
Share price start (USDC)1.400851.063861.063861.00001.00001.0000
Share price end (USDC)1.400851.400851.400851.400851.400851.40085
Period data availability8 days31 days91 days153 days153 days153 days
Period start2026-07-112026-06-182026-04-192026-02-162026-02-162026-02-16
Period end2026-07-182026-07-182026-07-182026-07-182026-07-182026-07-18

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 TVL92,276.5 USDC
Peak TVL118,786.362 USDC
Last share price1.401 USDC
Last updated
Last updated block40,777,644
Data refreshed at
Data starts2026-02-16 00:00:00 UTC
Fee modeInternalised (performance fee taken from closed positions)
Fees internalisedYes
Featuresd2_like
Flags---
Deposit statusFunding phase closed (opens in -266h)
Redemption statusOpen
Deposit/redemption events37

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