{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3782216-016",
 "identifier": "kaal:claim:3782216-016",
 "text": "Underwriters encumber reputation tokens against each policy under a preset formula, and if the insured event occurs they lose control of those tokens, which are auctioned to meet the claim, with new tokens minted and sold if the auction falls short.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Decentralized Finance (DeFi)",
  "datePublished": "2021",
  "url": "https://ssrn.com/abstract=3782216",
  "sha256": "f1739743aa06bbc1641cd65da790d531b69d8628ea3f5cc3fcad1bf5a1242373",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20Decentralized%20Finance%20%28DeFi%29.pdf"
 },
 "keywords": [
  "dao",
  "defi",
  "reputation",
  "tokenomics"
 ],
 "about": [
  "underwriting-dao",
  "collateral",
  "reputation-tokens",
  "claims"
 ],
 "abstract": "In case the insured event were to occur during the life of the policy, the agents who underwrote the policy would lose control of their encumbered tokens, which would be sold at auction to meet the claim.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "design"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "Underwriting DAO design"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": false
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/6cbbf98890c229dc45c7fde7d33ecbec4b270a682ee06720376dcdf11b5e389f.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "extends",
     "to": "https://wulfkaal.github.io/claims/3396542-010",
     "to_id": "kaal:claim:3396542-010",
     "similarity": 0.375
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "6cbbf98890c229dc45c7fde7d33ecbec4b270a682ee06720376dcdf11b5e389f",
 "canonicalForm": "https://wulfkaal.github.io/claims/3782216-016.md"
}