Decentralized Autonomous Organization (DAO)

DeFi

A Decentralized Autonomous Organization (DAO) is a group that runs on the internet without a central leader. Decisions are made by its members using smart contracts, which are self-executing agreements coded on a blockchain.

Definition: A Decentralized Autonomous Organization (DAO) is a group that runs on the internet without a central leader. Decisions are made by its members using smart contracts, which are self-executing agreements coded on a blockchain.