# kaal:claim:3782216-014

**Claim.** Reputation must be grounded to be meaningful, so reputation tokens should be minted only when policy premia enter the group, reputation should dictate power, and fees should be shared through reputation weighted salaries.

**Type.** design  **Support.** argued

**Holds when.**

- design for an Underwriting DAO

**Source quote.**

> Reputation needs to be grounded to be meaningful, so reputation tokens should only be minted when fees (policy premia) enter the group. Reputation should dictate power in the group. So, reputation should determine how the fees are shared, through reputation-weighted salaries.

**From.** Craig Calcaterra, Wulf A. Kaal, *Decentralized Finance (DeFi)* (2021), Decentralized architecture

**Cite as.** Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216

**Verify.** sha256 of source PDF `f1739743aa06bbc1641cd65da790d531b69d8628ea3f5cc3fcad1bf5a1242373` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20Decentralized%20Finance%20%28DeFi%29.pdf

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

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

**Related claims.**

- extends: https://wulfkaal.github.io/claims/3396542-004
- extends: https://wulfkaal.github.io/claims/3396542-005
- specializes: https://wulfkaal.github.io/claims/3782210-015
- extends: https://wulfkaal.github.io/claims/3782203-036

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