What Is a DAO?

A DAO governs an organization or treasury through token voting and smart contracts — rules in code, decisions transparent.

How It Works

A DAO (decentralized autonomous organization) has no traditional CEO or board. Instead, members holding governance tokens propose and vote on how funds are spent and how the protocol changes. Voting and execution often run through smart contracts, fully on-chain and auditable.

Ideal vs Reality

The DAO ideal is fair, transparent, censorship-resistant collective governance — but in reality, common issues include low turnout, whale dominance, complex proposals, and risks of contract/treasury exploits. Before participating, understand what real power and value the governance token actually confers.