about avax price action: DATs are actually a net good for the token
when you buy tokens as a DAT, you're buying it a bit like a fund would
you have a time window in which you need to make your LPs happy
and just like with funds, LPs for DATs expect a 5-10x from their investment to justify it
so DATs are actually very much incentivized to find ways to make the price of avax go up
i don't remember, and i don't even want to make real-world examples, but let's say a DAT raises 1 billion dollars to buy AVAX from a mix of OTC and market over 5 years
in order for the DAT to be profitable in itself, it needs to buy some tokens at a discount and some at market price, so it's lowering their avg buying price
so let's say this DAT buys 1 billion dollars of AVAX (which in this example is at 20$), at 10$ at its inception, so it has 2 billion dollars worth of AVAX at that time
in this simple case, the DAT is valued at 2 billion dollars and it's mNAV is 2 billions (1X mNAV)
the goal of the DAT is to make its LPs very happy with a 5-10x ROI, so at the end of the 5 or 10 years, in an ideal world, it needs to have a 5 or 10 billion dollars valuation with the same 1x mNAV or even less
so what it does? at its inception, not only it says that has bought tokens at a discount, but it also says that LPs who chip in will buy equity of the DAT at a discount! So LPs are VERY interested in buying that
this ofc don't always happens, bc a token may be very much requested by wall st and LPs buy equity at 1x mNAV
but in cases in which the DAT needs to convince LPs, it may provide a discount on the equity, so that if the LP wants to cash out, they can have a small profit right away (if there's a counterpart to take that equity ofc)
even in these cases that i mentioned, the DAT still needs to make that 5-10x, so it's INCENTIVIZED to make avax price go up in any way
and this is how DATs work, thank you for coming to my ted talk
3.64 ألف
26
المحتوى الوارد في هذه الصفحة مُقدَّم من أطراف ثالثة. وما لم يُذكَر خلاف ذلك، فإن OKX ليست مُؤلِّفة المقالة (المقالات) المذكورة ولا تُطالِب بأي حقوق نشر وتأليف للمواد. المحتوى مٌقدَّم لأغراض إعلامية ولا يُمثِّل آراء OKX، وليس الغرض منه أن يكون تأييدًا من أي نوع، ولا يجب اعتباره مشورة استثمارية أو التماسًا لشراء الأصول الرقمية أو بيعها. إلى الحد الذي يُستخدَم فيه الذكاء الاصطناعي التوليدي لتقديم مُلخصَّات أو معلومات أخرى، قد يكون هذا المحتوى الناتج عن الذكاء الاصطناعي غير دقيق أو غير مُتسِق. من فضلك اقرأ المقالة ذات الصِلة بهذا الشأن لمزيدٍ من التفاصيل والمعلومات. OKX ليست مسؤولة عن المحتوى الوارد في مواقع الأطراف الثالثة. والاحتفاظ بالأصول الرقمية، بما في ذلك العملات المستقرة ورموز NFT، فيه درجة عالية من المخاطر وهو عُرضة للتقلُّب الشديد. وعليك التفكير جيِّدًا فيما إذا كان تداوُل الأصول الرقمية أو الاحتفاظ بها مناسبًا لك في ظل ظروفك المالية.

