Now I got it, DAT are basically liquid wrapper tokens for tradfi, which most have depeg beyond recovery!
Tradif now speerunning DeFi!
The only hope is: they don't have 4 y lockups!
But killing a DAT and getting the underlying asset back will take some time too!
This is going to keep happening for all of these non MSTR plays - especially the altcoins beyond BTC/ETH and MAYBE sol. All these pitches about getting to market quickly, trading at a high premium, diluting shareholders massively, etc are essentially all dead on arrival at this point.
If you want one of these things to be successful, you need a differentiated story that’s aligned with the ecosystem of your asset and can accrete value over time that’s beyond just capital markets alchemy.
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