HYPE Crypto Treasury

A single-asset treasury valuation and risk engine, built to assess digital-asset treasury vehicles — with an initial focus on the Hyperliquid (HYPE) ecosystem. It is the sister product to exploreIQ and follows the same dashboard paradigm: heterogeneous data in, one decision-ready view out.

Data comes from three directions: the Hyperliquid node and API for on-chain fundamentals (volume, fees, assistance-fund flows, burns, staking — unusually transparent thanks to a fully on-chain order book), market and analytics providers, and SEC filings of listed comparables for NAV, share count and staking income. A real-time WebSocket feed carries prices and order-book depth; a daily batch job handles on-chain aggregates and filings.

The model core comprises four independent modules — a fundamentals and buyback engine deriving repurchase pressure and net supply change; a liquidity and execution module measuring slippage and accumulation capacity across venues; a risk module with GARCH/EWMA volatility, drawdown, VaR/ES and a reflexivity factor for platform leverage; and an mNAV module assessing premium or discount and crypto-per-share under different issuance strategies.
A scenario and Monte Carlo layer integrates all four and stress-tests them against market-share loss, regulatory blocks, a buyback halt and liquidity shortfalls, producing outcome distributions rather than point estimates.

No investment advice. Analytical tooling for internal valuation and risk assessment. Digital assets carry substantial risk of loss.