kaal:claim:3396542-009

The design requires underwriters to stake or encumber tokens against each policy they underwrite, and those encumbered tokens serve to secure the underwriters' promises.

Source quote, verbatim

Fourth, the design requires the underwriters to "stake" or "encumber" an appropriate number of tokens against each policy they underwrite. These tokens in effect serve to secure the promises of the underwriters.

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019), II. The Design of the Underwriting DAO, p. 5
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

Classification

designsupport: arguedtokenomicsdaodefi

Verify

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Attestation record: colloquium/attestations/d665cde28dae7647...json
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