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 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3782216-017",
 "identifier": "kaal:claim:3782216-017",
 "text": "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.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "citation": "Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216",
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  "@type": "ScholarlyArticle",
  "name": "Decentralized Finance (DeFi)",
  "datePublished": "2021",
  "url": "https://ssrn.com/abstract=3782216",
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 },
 "keywords": [
  "dao",
  "defi",
  "reputation",
  "tokenomics"
 ],
 "about": [
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  "breach",
  "collateral",
  "reputation-tokens"
 ],
 "abstract": "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.",
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