entity · derived
Capital substitution
Derived node: assembled mechanically from the claims carrying capital-substitution. A roster, not an adjudicated definition.
Every claim under this term
- 3396542-029 : From the viewpoint of consumers and regulators, encumbered tokens, whose value derives from the DAO's future cash flows, serve as a substitute for regulatory capital.
- 3396542-033 : The design's innovative features stem from tokens serving several purposes at once: as reward for risk taking and as a substitute for both reputation and capital.
- 3949098-006 : Over time the public market replaces the need for capital commitments by DAOIC members, who continue to earn from their staking work without contributing capital, so the reputation effect grows and un