X @Ansem

RT 0xLouisT (@0xLouisT)Quick mental framework for looking at DATsYou can think of them as PE-style closed-end funds with perpetual life, a broad mandate, and liquid LP shares, which just happen to denominate most (or all) of their AUM in a single asset: the underlying token.Why managers like running them:- Easy asset raising: raising massive size is unusually easy because of the current bubble.- No redemptions: no LPs knocking at the door to get their money back (the DAT can just trade at a discount).- No f ...