# kaal:claim:3396542-005

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Holds when.**

- tokens are minted as rewards for staking on underwritten policies

**Source quote.**

> 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, page 4

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

**Verify.** sha256 of source PDF `ce2bda03a0b788ea3e7747f02c3c351ef7c808a41150d5cda34767bbe98800c0` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20et%20al.%20-%202019%20-%20Decentralized%20Underwriting.pdf

**Topics.** reputation, tokenomics, risk-and-incentives, dao, defi

**Keywords.** reputation-tokens, incentive-design, dao-design, underwriting-quality

**Related claims.**

- generalizes: https://wulfkaal.github.io/claims/3962614-023
- extended_by: https://wulfkaal.github.io/claims/3782216-015
- extended_by: https://wulfkaal.github.io/claims/3782216-014
- extended_by: https://wulfkaal.github.io/claims/3949098-022

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.