quartz/content/notes/decentralized-autonomous-organization.md
2022-11-14 13:42:56 +13:00

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decentralized-autonomous-organization DAO

In general terms, DAOs are member-owned communities without centralized leadership. A commitment to share value with a community.

they seek to

  • provide members with a voice through governance
  • flatten hirarchy and create fluid workstreams
  • allocate reources to achieve a core mission

A Telegram group with 10 members and 1 ETH is a DAO.

A DeFi protocol with $1B+ of assets governed on-chain by 10,000+ token holders is a DAO.

E.g., The DAO

Social DAOs

My opinions

sounds like extreme democracy basically

Sources