kaal:claim:3406323-027

Democratized decentralized underwriting is more secure and stable than centralized underwriting because diversifying lenders and underwriters adds liquidity in all states of the economy and silos losses so that there is less cascading during economic crises.

Source quote, verbatim
it diversifies lenders and underwriters, which adds liquidity in all states of the economy; 2. this diversity silo losses so there is less cascading during economic crises;
From

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019), VI. Evolution, p. 14
https://ssrn.com/abstract=3406323 · source PDF

Cite as

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323

Holds when
Classification

designsupport: argueddecentralizationdefisystemic-riskrisk-and-incentives

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