DAOs coordinate treasuries and decisions on-chain. Governance can be transparent but also slow, and voting power often concentrates among large token holders.
Puntos clave
- A DAO is an organisation coordinated by rules written in smart contracts rather than by a central authority.
- Members typically hold governance tokens and vote on proposals, so decisions can be made collectively and on-chain.
- DAOs face real risks, including code exploits, low voter turnout, and unclear legal status in many countries.
DAO — frequently asked questions
What does a DAO actually do?
It lets a community govern shared funds or a protocol through token-based voting, with decisions enforced automatically by code.
Are DAOs legally recognised?
Their legal status varies and is often uncertain; only a few jurisdictions offer specific recognition, so participants may bear real responsibility.
This definition is educational and not financial advice. Crypto is volatile and high-risk — always do your own research.
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