According to @camillionaire_m, DATs should be built as institutional capital markets vehicles with disciplined compliance, yield, transparency, and governance, not as vanity public companies for unwanted tokens. According to @camillionaire_m, the core mandate is per-share treasury growth plus access to crypto markets supported by a profitable operating business so the mNAV can remain slightly above 1 over time. According to @camillionaire_m, DATs are the second proper public-markets crypto product after ETFs, so traders should prioritize DATs with sustainable yield and clear treasury accretion when assessing mNAV premiums and potential liquidity.