{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/5454054-002",
 "identifier": "kaal:claim:5454054-002",
 "text": "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.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Liquid Equity Rewards (2025). SSRN: https://ssrn.com/abstract=5454054",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Liquid Equity Rewards",
  "datePublished": "2025",
  "url": "https://ssrn.com/abstract=5454054",
  "sha256": "9f53a865e6f0e5424640779df8f9b50923cd7d05649301dd4cc727144749b6e6",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202025%20-%20Liquid%20Equity%20Rewards.pdf"
 },
 "keywords": [
  "tokenomics",
  "smart-contracts"
 ],
 "about": [
  "bifurcated-architecture",
  "tokenized-equities",
  "smart-contracts",
  "brokerage",
  "design"
 ],
 "abstract": "LER employs a bifurcated architecture: voucher-based rewards for brokerage-held equities and programmable, on-chain reward units for tokenized equities.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "design"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "asserted"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "issuer serves both off-chain brokerage holders and on-chain token holders"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": false
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/c6f527908851e59816e15e7ffb0a9433e29acd8cf8de0692bfa6f3518d58465c.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "restated_by",
     "to": "https://wulfkaal.github.io/claims/5583610-006",
     "to_id": "kaal:claim:5583610-006",
     "similarity": 0.331
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "c6f527908851e59816e15e7ffb0a9433e29acd8cf8de0692bfa6f3518d58465c",
 "canonicalForm": "https://wulfkaal.github.io/claims/5454054-002.md"
}