How we audit

Official data, served 1:1

Linceo is an interface over each venue's OWN official data. A wallet's PnL curve is the exact series the platform itself publishes — Polymarket's user-pnl API and Hyperliquid's allTime portfolio history — rendered verbatim, never rebuilt from the trade tape. On Polymarket the PnL we show is the one on the trader's profile (user-pnl); Polymarket's own leaderboard (lb-api) is a different official figure and can differ, sometimes a lot.

We do this on purpose: rebuilding the PnL trade by trade produces errors (a merge read as a liquidation, a history cut short), so we only rebuild it when the official figure is missing, and the page says so. We only read public data that the platform itself publishes.

The metrics

We audit for real, with the cadence and drawdown the wallet actually experienced — not annualized fantasy figures:

• Sharpe / Sortino on the daily returns of the wallet's official PnL series (resampled to the last value of each day, since Hyperliquid's series is irregular), annualised with √365; with a short record the ratio is pulled toward 0, so a handful of lucky periods can't fake a high one.
• Max drawdown measured over the official PnL series (peak-to-trough), so it reflects the worst loss a follower would have sat through.
• A skeleton / edge check that separates genuine edge from reward-farming, one-bet luck and dormant accounts.

Copyability (★1–5)

A high return is useless if you can't actually mirror it. The copyability score rates timing and structure: whether a wallet's entries and exits can be mirrored in time with real signal-to-execution latency — how long it holds, how often it trades, how many positions it keeps open at once, and mechanics nobody can copy. A very profitable trader who moves faster than you can follow scores low on purpose.

Execution, capped and honest

Copying is non-custodial: your wallet keeps custody and the signer can never withdraw. Every mirrored order passes a per-order cap and safety gates before it is placed, and the portfolio simulator warns you when a scaled entry would exceed that cap — so the size we show is the size that would actually be placed, never an inflated promise.

What this can't tell you

Every metric is backward-looking. It describes what a wallet did, not what it will do. Datasets refresh on a cadence, so a leaderboard snapshot can lag a wallet's latest moves; the detail view recomputes the metrics from the official curve when you open a wallet, and a last-trade date that could only be estimated is marked «≥» (at least that many days ago); on Polymarket, «≈» marks a last trade taken from a row calculated more than 24 h ago. None of this is a recommendation to copy anyone.

Linceo is non-custodial signals & analytics software — it never holds your funds and is not financial advice. See our Terms of Service.