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  "text": "The institutional repair agenda converges on five upgrades: ERC-1155 multi-token reputation, tripartite governance separation, stablecoin treasury infrastructure, WDAG-based historiographic transparency, and values-drift detection.",
  "author": {
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    "name": "Wulf A. Kaal",
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  "citation": "Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026). SSRN: https://ssrn.com/abstract=6819121",
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  "abstract": "The improvement agenda converges on five upgrades. First, ERC-1155 multi-token reputation as the architectural mechanism for moving from token-weighted to reputation-weighted voting. Second, tripartite governance separation through the deployment of distinct legislative, executive, and judicial smart-contract modules. Third, stablecoin treasury infrastructure for predictable contributor compensation and protocol revenue management. Fourth, historiographic transparency through the implementation of WDAG-based governance logging that exposes the full reference graph of governance decisions to public inspection. Fifth, values-drift detection",
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