Does lock-up lead to stability?

Samuel Hempel, Gregory Phelan and Thomas Ruchti

No 24-08, Working Papers from Office of Financial Research, US Department of the Treasury

Abstract: OFR Working Paper examines how Proof-of-Stake, which requires capital to validate crypto asset transactions, has a higher risk of runs in which stakers exit (Working Paper no. 24-08).

Date: 2024-10-31
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