texasHedge
View on D2 Finance Update infoShare token price
Other metrics
Returns and fees
| 1M | 3M | 6M | 1Y | Lifetime | ||
|---|---|---|---|---|---|---|
| Gross Gross | 0.0% | 205.5% | 105.4% | 105.4% | 105.4% | |
| 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% | 105.4% | 105.4% | 105.4% |
Internalised fees are reflected in the share price. One-time deposit and withdrawal fees may still affect net returns.
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.
Running on D2 Finance protocol
This vault is running on D2 Finance:
Tokenised, actively managed derivatives strategies executed on-chain.
Performance metrics
| Metric | Week | Month | 3 months | 6 months | Year | Lifetime |
|---|---|---|---|---|---|---|
| Ranking overall | --- | --- | #15 | #12 | #13 | #16 |
| Ranking on Hyperliquid | --- | --- | #1 | #1 | #1 | #1 |
| Ranking on D2 Finance | --- | --- | #1 | #1 | #1 | #1 |
| CAGR (net) | 0.0% | 0.0% | 205.5% | 105.4% | 105.4% | 105.4% |
| CAGR (gross) | 0.0% | 0.0% | 205.5% | 105.4% | 105.4% | 105.4% |
| 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 ratio | 0.00 | 0.00 | 2.18 | 1.89 | 1.89 | 1.89 |
| Max drawdown | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Volatility | 0.0% | 0.0% | 69.0% | 51.7% | 51.7% | 51.7% |
| TVL low | $88.70K | $88.70K | $10.93K | $10.93K | $10.93K | $10.93K |
| TVL high | $200.00K | $200.00K | $200.00K | $200.00K | $200.00K | $200.00K |
| Share price start (USDC) | 1.40085 | 1.40085 | 1.06386 | 1.0000 | 1.0000 | 1.0000 |
| Share price end (USDC) | 1.40085 | 1.40085 | 1.40085 | 1.40085 | 1.40085 | 1.40085 |
| Period data availability | 8 days | 31 days | 91 days | 172 days | 172 days | 172 days |
| Period start | 2026-07-30 | 2026-07-07 | 2026-05-08 | 2026-02-16 | 2026-02-16 | 2026-02-16 |
| Period end | 2026-08-06 | 2026-08-06 | 2026-08-06 | 2026-08-06 | 2026-08-06 | 2026-08-06 |
Xerberus risk rating
| Xerberus score | 55 / 100 |
|---|---|
| Assessment level | Protocol-level |
| Rated entity | D2 Finance |
Technical Details
| Vault name | texasHedge |
| Vault address | 0x208f63a7f60c319597c05fa5ec67fde41839bad6 |
| Chain | |
| Denomination | |
| Exchange rate used | 1 USDC = $1.0000 |
| Share token | TXHEDGE |
| Protocol | D2 Finance |
| Homepage | View vault on protocol website |
| Current TVL | 199,999.994 USDC |
| Peak TVL | 199,999.994 USDC |
| Last share price | 1.401 USDC |
| Last updated | |
| Last updated block | 42,488,003 |
| Data refreshed at | |
| Data starts | 2026-02-16 00:00:00 UTC |
| Fee mode | Internalised (performance fee taken from closed positions) |
| Fees internalised | Yes |
| Features | d2_like |
| Flags | --- |
| Whitelist status | Permissionless |
| Deposit status | Open |
| Redemption status | Open |
| Deposit/redemption events | 61 |
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