kaal:claim:3396542-005

Tokens in the proposed DAO function as reputation because an agent's proportional token holdings will grow over time only if that agent follows sound and successful underwriting practices.

We will refer to these tokens on occasion as reputation tokens as an agent's proportional holdings of these tokens is likely to increase over time only if the agent were to follow sound and successful underwriting practices.

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019), II. The Design of the Underwriting DAO, p. 4
https://ssrn.com/abstract=3396542 · source PDF

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019). SSRN: https://ssrn.com/abstract=3396542

• tokens are minted as rewards for staking on underwritten policies

mechanismsupport: arguedreputationtokenomicsrisk-and-incentivesdaodefi

• generalizes kaal:claim:3962614-023 A VC's proportional holdings of reputation tokens are likely to increase over time if the VC follows sound and...
• extended_by kaal:claim:3782216-015 Because underwriting mints new reputation tokens, passive holders see their proportional ownership in the DAO ...
• extended_by kaal:claim:3782216-014 Reputation must be grounded to be meaningful, so reputation tokens should be minted only when policy premia en...
• extended_by kaal:claim:3949098-022 In the theoretical model, the incentive design of decentralized reputation staking governance aligns the indiv...

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