kaal:claim:2959730-033

LendingRobot can charge only a 1% management fee and a maximum 0.59% annual fund expense fee because its blockchain secured business model removes the investment adviser, overhead costs, and the legal fees associated with each investor agreement.

Source quote, verbatim

Because LendingRobots' business model removes the investment adviser, overhead costs, and legal fees associated with each investor agreement, LendingRobot is able to charge a mere 1% management fee and a maximum 0.59% fund expense fee per year.

From

Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017), VI. Blockchain-Enabled Pressure on Fee Structure, p. 16
https://ssrn.com/abstract=2959730 · source PDF

Cite as

Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2959730

Holds when

fully automated hedge fund secured by blockchain technology
weekly withdrawals at no additional cost to the investor

Classification

mechanismsupport: evidenceddefidecentralization

Related claims

restated_by kaal:claim:2998033-031 LendingRobot can charge only a one percent management fee and a maximum 0.59 percent fund expense fee because ...

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