Realised profit
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Since the first fill, both vaults, net of what the venue reports
Live · reading Hyperliquid · #1 all-time PnL on Variational
#1 PnL vault on Hyperliquid. Now trading smaller and faster, on Robinhood Chain.
Systemic Strategies has been running live since 2025 and has produced — of profit across two public vaults. Every number on this page is pulled off the exchange by your browser while you read it. $SYS is that desk arriving on Robinhood Chain with a book built to move.
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Cumulative profit · both vaults · weekly
Today
Sharpe ratio
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The only token that has one
Max drawdown
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The number most desks leave off the poster
Capital trading
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Deposits sitting behind the strategies right now
01 — The desk
Two vaults, one book, both open to deposits
Grids and long/short on Hyperliquid, bilateral risk on Variational. Deposits go to the venue and stay in your name. Nothing on this page takes custody of anything.
L/S Grids
The first vault. Grid execution around a long/short core, shorting high inflation and recycling the range. Running since 2025.
Capital—
Realised profit—
APR at the venue—
Days live—
HyperGrowth
The compounding vault. Same risk framework, longer holding periods, and the larger share of lifetime profit of the two.
Capital—
Realised profit—
APR at the venue—
Days live—
Variational
The third leg quotes and takes risk directly instead of standing in an orderbook, and it sits at #1 all-time PnL on the venue. Variational has no public read API yet, so this page does not print a number it cannot prove. The Friday print carries it instead.
Look at the venue02 — Robinhood Chain
Size is the tax a good strategy pays
The vaults above carry —. That much capital moves the market it is trying to trade, so the best ideas get sized down or skipped entirely. The book on Robinhood Chain is the answer to that, and $SYS is the token on it.
Smaller
Trades the big vaults skip
A fraction of the capital, so the desk can take the setups that die on slippage at eight figures. Same models, sized where the edge still survives contact.
Faster
Turns over in hours, not weeks
Shorter holding periods and quicker exits. The Hyperliquid book compounds patiently. This one is built to be in and out before the crowd finishes reading the headline.
Native
Where the flow is landing
Tokenised markets and retail order flow are arriving on Robinhood Chain. A desk belongs next to the flow it trades, not three bridges away from it.
03 — The token
Fees buy it. The buys are burned.
No emissions, no staking screen quietly minting more of it, no treasury that needs explaining. Three steps, and each one leaves a transaction behind.
01
The desk earns
Performance fees accrue on profit above the previous high water mark. A flat month pays nothing, and a red month pays nothing twice.
02
Fees buy SYS
A fixed share of every fee payout goes to market and buys the token at whatever the book is asking that day. No discount, no private round.
03
The supply burns
What gets bought gets burned and the hash is posted the same week. The ledger is the argument, not the roadmap.
The token is not a share of any vault and does not pay a distribution. If you want the strategy, deposit at the venue and keep your own keys. If you want a position on the desk itself, hold the token and read the prints. Confusing those two is how people get hurt.
04 — The print
One post a week, green or red
Same three blocks every Friday. A track record you can only read when it is green is not a track record, and the drawdown column above is proof this desk publishes both.
Positions
What we held
Venue, direction and rough size for every leg the desk carried during the week, plus anything that got switched off and the reason it went.
P&L
Gross and net
Return before fees, return after fees, and the worst drawdown inside the week. The middle number is the one most desks skip.
Buyback
Fee to burn
Fee collected, amount sent to market, tokens bought, tokens burned, transaction hash. Five lines, all of them checkable.
05 — Answers
Straight answers
The questions a trader asks in the first thirty seconds, answered before you have to ask them in the replies.
Where do these numbers come from?
Your browser calls the public Hyperliquid info endpoint for both vault addresses and does the arithmetic locally. Nothing passes through a server we control, so there is nothing for us to massage. Open the network tab and watch it happen.
How is the Sharpe ratio calculated?
Weekly returns taken as the change in realised profit over the capital that was in the book at the start of the week, so deposits and withdrawals never register as performance. Annualised over 52 weeks, both vaults pooled by capital.
Does holding the token pay me?
No. It buys back and it burns, and that is the entire mechanism. Anyone offering a fixed return on a token is selling you something other than a trading desk.
Why Robinhood Chain?
Because that is where tokenised markets and retail flow are landing, and a desk belongs where the flow is rather than three bridges away from it.
The track record came first.
Five hundred and eighty days of it, published weekly, drawdowns included. $SYS is the part of it you can hold, on the chain where the desk trades next.