Frank Chaparro
@fintechfrank
Head of Strategic Communications @GSR_io/ Host of The Crypto Tape / Airbnb Super Host/ Founding Reporter at @TheBlock__
Joined December 2014
2.9K Following 211.5K Followers
DATs are heating up.
The original PIPEs were losers because everyone had the trade backwards.
Now liquid funds are realizing that when a DAT trades below 1x mNAV, you can get more token exposure per dollar.
At 0.33x mNAV, you’re effectively getting ~3x the exposure to the underlying token…if you believe the discount eventually closes.
Show more
