kaal:claim:3396542-030

Barring highly adverse market conditions, the DAO's ability to mint and sell tokens on demand functions as capital on tap and protects the DAO from default and bankruptcy.

Source quote, verbatim

Barring highly adverse market conditions, the availability of "capital on tap" protects the DAO from default and bankruptcy.

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019), VI. Conclusion, p. 25
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

not highly adverse market conditions

Classification

mechanismsupport: arguedrisk-and-incentivestokenomics

Verify

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