# kaal:claim:3949098-012

**Claim.** Because reputation staking carries no ex post capital commitment, the removal of capital makes capital calls and other liquidity limiting measures less relevant for DAOIC members.

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

**Holds when.**

- best efforts style RNFT staking participations, not firm commitment deals

**Source quote.**

> The removal of capital through RNFT staking also makes capital calls and other liquidity-limiting measures less relevant. There are no ex post capital commitments associated with an RNFT staking participation.

**From.** Wulf A. Kaal, *Reputation as Capital – How DAOs Upgrade Finance* (2021), II. Basic Concept, 2. Liquidity, page 8

**Cite as.** Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098

**Verify.** sha256 of source PDF `04297905564a6092b2db7640561f58fd374d3114c79527357bad09d11b909819` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Reputation%20as%20Capital%20%E2%80%93%20How%20DAOs%20Upgrade%20Finance.pdf

**Topics.** defi

**Keywords.** capital-calls, liquidity, rnft-staking, fund-structure

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