Decentralized Autonomous Organization

Decentralized Autonomous Organizations (DAOs) are a form of on-chain governance. Members who hold tokens in the DAO are able to vote on proposals that guide the direction of the organization.

DAOs apply to diverse scenarios: software projects, protocols, gaming guilds, homeowners associations, companies, NGOs, etc.

A key benefit is that it can bring software-driven governance systems to organizations that either lacked transparent, consistent or easy-to-implement governance before.