kaal:claim:4067783-038

Decentralized structures outperform centralized ones on liquidity because in them market mass and velocity are uncorrelated, which yields more stable and predictable liquidity.

Source quote, verbatim

Decentralized structures are better because mass and velocity are uncorrelated

From

Wulf A. Kaal, DAO Fallacies (2022), III.4 Use #4: Efficiency, p. 16
https://ssrn.com/abstract=4067783 · source PDF

Cite as

Wulf A. Kaal, DAO Fallacies (2022). SSRN: https://ssrn.com/abstract=4067783

Classification

mechanismsupport: argueddefidecentralizationeconomics

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