David Schamis is the Founding Partner and CIO of Atlas Merchant Capital and now CEO of Hyperliquid Strategies.

In this episode, David breaks down how serious seasoned investors think about valuing Hyperliquid, from the bull case for HYPE to the economics behind running the largest HYPE DAT in the world. We discuss what's unique about Hyperliquid, navigating mNAV dynamics as a DAT , and why Hyperliquid is well positioned to become financial infrastructure for bringing RWAs and Wall Street onchain.

------
🔗 Essential Show Links 🔗

► Newsletter: https://the-edge.xyz
► Youtube: https://youtube.com/@DeFiDad
► Apple: https://tinyurl.com/edgepod
► Spotify: https://tinyurl.com/edgepodspotify
► Linktree: https://linktr.ee/edge_pod
► Follow DeFi Dad: https://x.com/DeFi_Dad
► Follow Nomatic: https://x.com/Nomaticcap
► Learn DeFi: http://defidad.com/

------
The Edge Podcast Sponsor Resources

♦️⁠ REDSTONE⁠ | THE LEADING MODULAR BLOCKCHAIN ORACLE
https://www.redstone.finance/

♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS
https://toros.finance/

🌞 SOLSTICE | PERMISSIONLESS INSTITUTIONAL YIELD
https://solstice.finance/

🌅 NEUTRL | THE NEXT GENERATION OF CRYPTO-NATIVE YIELD
https://www.neutrl.fi/

🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE
https://group.mantle.xyz/

🔊 ⁠DECIBEL⁠ | THE NEW SOUND OF TRADING
https://decibel.trade/

⚔️ KATANA | DEEP LIQUIDITY & REAL YIELD
https://katana.network/

🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET
https://app.maple.finance/earn?referral=Mig0gHP59IYC

🌊 ⁠RIVER | A CHAIN-ABSTRACTION STABLECOIN SYSTEM
https://linktr.ee/river.inc

⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED
https://gearbox.fi/

🐡⁠ PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR SCALE
https://institutional.puffer.fi/

------
Timestamps

0:00 - Intro
5:59 - David and Bob Diamond’s careers
8:16 - How did they learn about Hyperliquid?
14:02 - The bull thesis for valuing HYPE
19:57 - Are regulators ready to embrace DeFi?
25:04 - Sponsor break
26:20 - Growing trade volume in HIP-3 markets
30:23 - What is Hyperliquid Strategies?
33:11 - Navigating market dynamics with mNAV
44:52 - Sponsor break
46:39 - Staking considerations for Hyperliquid Strategies
49:47 - Operating expenses behind running a DAT
52:02 - Merger + new PURR ticker
53:26 - Insights into Jeff’s vision
58:16 - Closing

------
🔗 Guest Links 🔗

► Hyperliquid Strategies on X: https://x.com/hypestrat
► David Schamis on X: https://x.com/dschamis

------
All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. Nomatic holds HYPE. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.