NAV

The current NAV for @apyx_fi's apxUSD is 1.8% higher than STRC. That has been, and continues to be, the selling point for me on apyx. I.E., that apyUSD is a way to get a better yield than holding STRC while also getting less direct exposure to de-parring events for STRC. GRANTED, I fully acknowl

Yes, but this is only a clip towards the end of my explanation. In summary: - I don’t understand why people are using a non-standard definition of enterprise value to calculate mNAV. - I don’t understand how selling equity for cash (especially below NAV) to fund dividend obligations is non-diluti

这个观点有含金量，方向是对的：MSTR 真正要看的不是“公司总共买了多少 BTC”，而是每股含 BTC 是增加还是减少。 核心逻辑： • MSTR 以前的正向飞轮是： 股价高于 NAV → 增发股票 → 买 BTC → 每股 BTC 增加 → 市场继续给溢价 • 但如果现在 mNAV < 1，也就是 MSTR 股价相对它持有的 BTC 打折，继续发股票买币就会变成： 用打折的股票去买 BTC → 老股东被稀释 → 每股 BTC 下降 帖子里这个公式很关键： accretive only if f × mNAV > 1 意思是： • mNAV = 0.78 • f = 0.56，大概

Introducing Accountable NAV. Today, we're launching an engine that verifies source data, independently computes Net Asset Value from underlying positions, and delivers it onchain. Powered by our Data Verification Network.

Accretion depends on the metric. Net Assets per Share measures balance sheet strength and residual asset value. BTC per Share measures Bitcoin intensity and long-term equity upside. NAV accretion improves asset coverage. BTC Yield accretion increases Bitcoin per share. $MSTR $BTC

Unitas推出了以一个XAUt的金库，产品的大致逻辑： 1/ 用户存入 XAUt → 铸造 XGLD（进入 XGLD Fund Vault） 2/ XAUt 通过 OES（Off-Exchange Settlement） 镜像到 CEX（如 Bybit） 3/ 在 CEX 上用 XAUt 低杠杆借 USDT（保守 LTV） USDT 进入策略篮子 → 部署到 一篮子 Delta-neutral（市场中性）策略 产生收益 4/ 收益通过 NAV 增长 分配给所有 XGLD 持有者 赎回时可反向操作，拿回 XAUt 从透明度和稳定收益率来说Unitas都是目前链上理财的最好选择之一，现