In a firm commitment reputation staking engagement the DAOIC commits no capital at all except for the portion of the token opportunity that does not sell out to the public.
Source quote, verbatim
In a firm commitment RNFT staking engagement, the DAOIC does not commit any capital at all, except for the portion of the token opportunity that does not sell out to the public.
From
Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021), II. Basic Concept, 4. Decentralized Underwriting, p. 14 https://ssrn.com/abstract=3949098 · source PDF
Cite as
Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098
Holds when
firm commitment underwriting via RNFT staking
Classification
designsupport: argueddefi
Related claims
generalizeskaal:claim:4685567-019 Firm commitment underwriting of impact certificate listings gives the project team and the investing community...
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