In this episode of alpha un#, host Sri Misra sits down with Joseph Onorati, CEO, @DFDV to break down the real mechanics behind institutional crypto risk management far beyond Twitter takes and retail narratives.
Joseph explains:
Why every serious crypto business must assume an 80% drawdown
How DFDV models extreme tail-risk (“What if Solana drops another 50%?”)
Why DATs get cheaper, safer leverage than funds or prop shops
How DFDV raised $125M in unsecured convertible debt at 5.5% and why this type of leverage is a structural advantage
How multi-cycle experience shapes decision-making in volatile markets
Why long-duration planning, not hype cycles, determines who survives.
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Full episode at: unhashed.co/joseph
