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DAO Treasury Management | Tarun Chitra
Bell Curve
The Two Biggest Problems Today
Drexler: Dows are supposed to be online native institutions, institutions like a Blackrock. They have a bunch of capital but anytime they deploy it, they actually cause other people to go trade against them or chase it. So there's always some adverse selection, but their goals are not necessarily to just maximize return because in a lot of ways, that's actually quite hard for them to do," Stony says. "I think the idea that Dows are institutions is extremely important"
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