DAT longevity hinges on avoiding ‘mNAV roller coaster’: Solmate CEO
Digitalsummary": "Solmate CEO Marco Santori argues that the longevity of digital asset treasury (DAT) companies depends on avoiding the volatility of the 'mNAV roller coaster.' While pure-play DATs rely on maintaining a high market-cap-to-net-asset-value (mNAV) ratio to grow, their survival is threatened when interest in their underlying token wanes and mNAV drops. Santori advocates for a diversified business model instead of a pure treasury play. Solmate's strategy focuses on providing bare-metal validator services and infrastructure for high-performance computing on Solana, catering to clients like hedge funds that require low-latency access. This generates cash flow, which is reinvested into buying more SOL, creating a sustainable 'infrastructure flywheel' rather than being solely dependent on token price appreciation."}
cointelegraph12/18 13:36
