Nearing The DAT Peak With Avichal Garg | Weekly Roundup

16 snips

Aug 1, 2025

Avichal Garg, a Partner at Electric Capital, dives deep into digital asset treasury (DAT) strategies and the evolving DeFi landscape. He discusses the significant implications of the White House Crypto Report and the startling partnership between Coinbase and Chase aimed at mass crypto adoption. The conversation also highlights market dynamics, the complexities of asset trading, and the emerging relationship between traditional finance and innovative blockchain solutions. Garg's insights resonate, emphasizing the future potential of creator economies and regulatory impacts in crypto.

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INSIGHT

DATs as Capital Market Arbitrage

Digital Asset Treasury companies exploit capital market arbitrage by borrowing cheaply and investing in appreciating crypto assets.
Their long-term success depends on durability and strategic community support, especially for Bitcoin and Ethereum fellows.

INSIGHT

Debt Risks in DATs

Excessive debt terms and short durations in new DATs create risk, especially in bear markets.
Forced liquidations during downturns could trigger crises for smaller DATs lacking sophisticated debt management.

INSIGHT

Valuing Locked Token Exposure

Locked tokens in DATs like Solana create valuation discounts that many investors overlook.
Proper valuation requires considering the secondary market discounts for vesting or non-liquid portions.

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Happy Friday! On this Roundup, Rob is officially announced as the third host, Avichal join the pod to discuss DATs, and beyond DATs the White House Crypto Report is explored, Zora creator tokens, and the BIG news of the collaboration between Coinbase and Chase to push crypto into mass adoption orbit.

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Chapters:

(02:14) DATs Explored

(19:37) Ads (Geodnet, Bitwise)

(21:11) ETHZilla

(30:32) DAT KPIs

(36:15) Ads (Geodnet, Bitwise)

(37:49) DAT FUD

(51:15) Ads (Mantle,Citrea)

(52:54) Native Token or DAT

(01:00:06) White House Crypto Report

(01:07:29) Coinbase X Chase

(01:11:17) Zora + Creator Tokens

(01:19:21) Content Recs

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.