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.
Source quote, verbatim
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.
From
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
Cite as
Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019). SSRN: https://ssrn.com/abstract=3396542
Holds when
tokens are minted as rewards for staking on underwritten policies
generalizeskaal:claim:3962614-023 A VC's proportional holdings of reputation tokens are likely to increase over time if the VC follows sound and...
extended_bykaal:claim:3782216-015 Because underwriting mints new reputation tokens, passive holders see their proportional ownership in the DAO ...
extended_bykaal:claim:3782216-014 Reputation must be grounded to be meaningful, so reputation tokens should be minted only when policy premia en...
extended_bykaal:claim:3949098-022 In the theoretical model, the incentive design of decentralized reputation staking governance aligns the indiv...
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