noun Internet Slang

DAO

DOW · noun · informal

Decentralised autonomous organisation governed by token holders.

0

Definitions

1

A Decentralised Autonomous Organisation is a community-run entity whose rules and treasury are managed on-chain, with decisions made by token-holder voting rather than centralised management.

“The DAO voted to fund three new grants this quarter.”
by community
0

DAO In A Sentence

The DAO voted to fund three new grants this quarter.

Origin & Usage

Ethereum-era concept; the term gained fame with 'The DAO' in 2016.

Variants decentralised autonomous organisationdecentralized autonomous organizationDAOs
Tags #crypto#web3#governance#defi#community

People Also Ask

What is a DAO?

A DAO is a decentralised autonomous organisation — a community-run entity whose rules and treasury are governed on-chain by token-holder voting.

How does a DAO make decisions?

Members vote on proposals with governance tokens, and the outcome is executed according to the organisation's on-chain rules rather than by a central boss.

What was 'The DAO'?

'The DAO' was a famous 2016 Ethereum-based venture fund that was hacked, an event that helped popularise the term and led to a major network fork.

Comments 0