X @Cointelegraph

Solana DAT Space Competition - The Solana DAT space is highly competitive, rivaling even Bitcoin [1] - Differentiation factors among Solana DATs include the amount of $SOL held, mNAV, staking yield, and business diversification [1] mNAV Treasury Model - Multiple-to-net-asset value (mNAV) is crucial for the survival of many treasury companies [2] - Companies with a high mNAV can sell stock to buy underlying coins, increasing their net asset value, as long as the premium is maintained [2][3] - The pure-play treasury model's future is tied to maintaining a premium [3] - The mNAV model is vulnerable to declines when interest in the underlying token wanes, leading to decreased token price and mNAV [3][4] Solmate's Approach - Solmate aims to provide exposure to $SOL and the Solana network's growth without subjecting investors to mNAV volatility [4] - Solmate's approach is to avoid the "mNAV rollercoaster" experienced by pure-play treasury companies [1][4]