lesson·20 min·Chapter 1 of 3
What is a DAO?
A Decentralized Autonomous Organization (DAO) is an organization governed by smart contracts and token holders rather than a traditional hierarchy. Members hold governance tokens that give them voting power. Proposals can range from protocol parameter changes to treasury spending. Famous DAOs: MakerDAO (manages DAI stablecoin), Uniswap DAO (governs Uniswap protocol), and Aave DAO (governs Aave lending). The DAO structure enables transparent, censorship-resistant governance where every decision is recorded on-chain.
💡 Key Takeaway
This lesson covers the fundamental concepts. Make sure you understand these before moving to the next chapter.