Ethereum & Smart Contracts

Decentralized Autonomous Organization (DAO)

Also: DAO

An organization whose rules and treasury are managed by smart contracts and whose members, usually token holders, vote on decisions. DAOs run many DeFi protocols. In practice, voting power is often concentrated in a few large holders.

General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.