DAO (Decentralized Autonomous Organization)
A group that makes decisions together by voting online. There's no boss - everyone who holds special tokens gets a say in what happens.
Example
MakerDAO members voting on how their stablecoin system should work, like setting interest rates.
Related Terms
Core Concepts
⚙️How It Works
- 1
Get Governance Tokens
Buy or earn tokens that give you voting power in the DAO
- 2
Review Proposals
Community members submit proposals for changes or spending
- 3
Vote
Use your tokens to vote for or against proposals
- 4
Execution
If a proposal passes, it's automatically executed by smart contracts
❓Frequently Asked Questions
🚀Getting Started
- 1Find a DAO aligned with your interests (DeFi, NFTs, social, etc.)
- 2Acquire governance tokens through purchase or contribution
- 3Join the community Discord or forum to understand current issues
- 4Start by voting on simple proposals before creating your own
- 5Delegate your votes if you don't have time to research every proposal