A Decentralized Autonomous Organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain.

DAOs are internet-native organizations that are collectively owned and managed by their members. They have built-in treasuries that no one has the authority to access without the approval of the group.

Examples of DAOs

  • MakerDAO
  • Uniswap
  • The DAO