@serap1hinae
What Are DAOs (Decentralized Autonomous Organizations)?
A DAO (Decentralized Autonomous Organization) is a blockchain-based entity run by community governance through smart contracts:
How It Works – Members use governance tokens to vote on proposals and manage funds.
Why DAOs Matter – They allow decentralized decision-making, reducing reliance on traditional corporate structures.
Examples of DAOs:
MakerDAO – Governs the DAI stablecoin.
Uniswap DAO – Manages protocol changes for Uniswap.
ConstitutionDAO – A failed attempt to buy a copy of the U.S. Constitution.
Risks – Governance attacks, smart contract bugs, and legal uncertainties.
Future of DAOs – More businesses and communities are exploring DAOs for decentralized governance models.
0 reply
0 recast
0 reaction