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Does lock-up lead to stability?

Author

Listed:
  • Samuel Hempel
  • Gregory Phelan
  • Thomas Ruchti

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).

Suggested Citation

  • Samuel Hempel & Gregory Phelan & Thomas Ruchti, 2024. "Does lock-up lead to stability?," Working Papers 24-08, Office of Financial Research, US Department of the Treasury.
    • Handle: RePEc:ofr:wpaper:24-08
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    File URL: https://www.financialresearch.gov/working-papers/files/OFRwp-24-08_does-lock-up-lead-to-stability.pdf
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    References listed on IDEAS

    as
    1. Pelster, Matthias & Breitmayer, Bastian & Hasso, Tim, 2019. "Are cryptocurrency traders pioneers or just risk-seekers? Evidence from brokerage accounts," Economics Letters, Elsevier, vol. 182(C), pages 98-100.
    2. Matthias Pelster & Bastian Breitmayer & Tim Hasso, 2019. "Are cryptocurrency traders pioneers or just risk-seekers? Evidence from brokerage accounts," Papers 1906.11968, arXiv.org.
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