DAO (Decentralized Autonomous Organization)
An organization governed by smart contracts and token-weighted voting by its community members rather than corporate executives.
In-Depth Explanation
DAOs allow globally distributed communities to pool capital, propose protocol upgrades, and vote on treasury allocations transparently.
Practical Market Example
Real-World Application
MakerDAO token holders vote on stability fee parameters and collateral types for the DAI stablecoin.