kaal:claim:3782216-017

In the Underwriting DAO a breach occurs only when the market values the encumbered reputation tokens at less than the payout, which requires minting additional tokens to meet the claim.

We would consider the need to mint more reputation tokens to meet a policy claim to be a breach. Under what circumstances would a breach occur? It would occur only if the market values the encumbered reputation tokens as less than the payout.

Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021), Decentralized architecture
https://ssrn.com/abstract=3782216 · source PDF

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

• Underwriting DAO with encumbered reputation tokens

failuresupport: arguedfailure: underwriting breachfamily: staking-and-incentive-misalignmentdaodefireputationtokenomics

• restates kaal:claim:3396542-013 A breach occurs only when the underwriters concerned believe that the value of their encumbered tokens is less...

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