WHY HYPE DATS CAN WIN

Summary from the TLDR Crypto newsletter

Digital Asset Treasury companies holding Hyperliquid's HYPE token possess a unique competitive advantage in the treasury company space through their ability to generate substantial yield via HIP-3, Hyperliquid's exchange infrastructure sharing mechanism. While BTC DATs like MicroStrategy rely primarily on brand and capital raising ability, and ETH/SOL DATs struggle with low staking yields of only 2-5%, HYPE DATs can potentially earn ~24% APY by staking tokens with exchanges built on Hyperliquid infrastructure and sharing in their trading fees. However, the strategy requires careful selection of exchanges to back since each will likely only accept around 1 million HYPE tokens, forcing HYPE DATs to make strategic bets on which exchanges will succeed in capturing significant trading volume.