kaal:claim:3949098-027

Against the view that firm commitment underwriting is antithetical to decentralization, Kaal argues it in fact further enhances the level of decentralization.

Source quote, verbatim

While firm commitment underwriting may be seen as antithetical to decentralization, it in fact further enhances the level of decentralization.

From

Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021), II. Basic Concept, 4. Decentralized Underwriting, p. 15
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 by the DAOIC member collective

Classification

mechanismsupport: argueddecentralizationdefigovernance-design

Related claims

generalizes kaal:claim:4685567-019 Firm commitment underwriting of impact certificate listings gives the project team and the investing community...

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