# kaal:claim:5454054-001

**Claim.** Liquid Equity Rewards (LER) is a voucher rewards mechanism that links capital formation to loyalty rewards by granting time-weighted, utility-only rewards to holders of equities or cryptoassets.

**Type.** definitional  **Support.** asserted

**Source quote.**

> This article evaluates the prospects of Liquid Equity Rewards (LER), a voucher rewards mechanism linking capital formation and loyalty rewards through time-weighted, utility-only rewards for holders of equities or cryptoassets.

**From.** Wulf A. Kaal, *Liquid Equity Rewards* (2025), Abstract, page 1

**Cite as.** Wulf A. Kaal, Liquid Equity Rewards (2025). SSRN: https://ssrn.com/abstract=5454054

**Verify.** sha256 of source PDF `9f53a865e6f0e5424640779df8f9b50923cd7d05649301dd4cc727144749b6e6` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202025%20-%20Liquid%20Equity%20Rewards.pdf

**Topics.** tokenomics

**Keywords.** liquid-equity-rewards, tokenization, loyalty-programs, vouchers, capital-formation

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/5583610-003

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.