{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/consumptive-utility",
 "identifier": "kaal:entity:consumptive-utility",
 "name": "Consumptive utility",
 "termCode": "consumptive-utility",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
 "canonicalForm": "https://wulfkaal.github.io/entities/consumptive-utility.md",
 "sha256": "887530266b4147d028ffc104b7ad1dcf7c04a5432bf64b2bc0a5b560dd3fb702",
 "additionalProperty": [
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   "name": "status",
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   "value": 2
  },
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  },
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   "value": [
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    "2025"
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5454054-007",
   "identifier": "kaal:claim:5454054-007",
   "text": "LER adapts DeFi liquid staking to e-commerce by paying consumptive utilities instead of speculative yields, and it is this substitution of consumption for yield that mitigates volatility risk.",
   "abstract": "This LER mechanism derives in part from DeFi liquid staking, where users earn yields without sacrificing tradability of the underlying asset, but LER adapts it to e-commerce ecosystems by focusing on consumptive utilities rather than speculative yields, thus mitigating volatility risks.",
   "citation": "Wulf A. Kaal, Liquid Equity Rewards (2025). SSRN: https://ssrn.com/abstract=5454054",
   "datePublished": "2025",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "rewards redeemable only within merchant ecosystems"
   ],
   "source_pdf_sha256": "9f53a865e6f0e5424640779df8f9b50923cd7d05649301dd4cc727144749b6e6",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5454054-028",
   "identifier": "kaal:claim:5454054-028",
   "text": "A favorable legal assessment of LER depends on four design features holding simultaneously: non-transferability, absence of a secondary market, absence of fiat redemption, and consumptive utility.",
   "abstract": "Most important for a favorable legal assessment is LER non-transferability, no secondary market, no fiat redemption, and consumptive utility.",
   "citation": "Wulf A. Kaal, Liquid Equity Rewards (2025). SSRN: https://ssrn.com/abstract=5454054",
   "datePublished": "2025",
   "claim_type": "condition",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "EU, UK, and U.S. jurisdictions"
   ],
   "source_pdf_sha256": "9f53a865e6f0e5424640779df8f9b50923cd7d05649301dd4cc727144749b6e6",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'consumptive-utility'. Derived node: a roster, not an adjudicated definition."
}