CRYPTO GLOSSARY · FINANCE

What is DAO?

Decentralized Autonomous Organization.

📖 Full Definition

A DAO (Decentralized Autonomous Organization) is an entity governed by smart contracts and community voting rather than traditional management. DAOs allow token holders to propose and vote on decisions affecting the protocol.

💡 Example

MakerDAO governs the DAI stablecoin through MKR token holder votes.

🔗 Related Terms

Smart Contract

Self-executing code on a blockchain.

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