kaal:claim:5454054-002

LER should be built as a bifurcated architecture: voucher-based rewards for equities held in brokerage accounts, and programmable on-chain reward units for tokenized equities.

Source quote, verbatim

LER employs a bifurcated architecture: voucher-based rewards for brokerage-held equities and programmable, on-chain reward units for tokenized equities.

From

Wulf A. Kaal, Liquid Equity Rewards (2025), Abstract, p. 1
https://ssrn.com/abstract=5454054 · source PDF

Cite as

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

Holds when

issuer serves both off-chain brokerage holders and on-chain token holders

Classification

designsupport: assertedtokenomicssmart-contracts

Related claims

restated_by kaal:claim:5583610-006 LER is a two-tiered architecture: registered off-chain shareholders receive redeemable vouchers, while on-chai...

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