DAO
MarketsDefinition
Decentralized Autonomous Organization. A protocol governed by token-holders voting on proposals on-chain. Major examples: MakerDAO (DAI stablecoin), Uniswap (DEX), Compound (lending), ENS (Ethereum names).
DAOs control multi-billion-dollar treasuries. Governance attacks (whale concentration, bribed voters) are a real risk. The 2016 "The DAO" hack was the first big crypto-governance failure.
DAOs control multi-billion-dollar treasuries. Governance attacks (whale concentration, bribed voters) are a real risk. The 2016 "The DAO" hack was the first big crypto-governance failure.