Why DAO Governance Matters for DeFi

Decentralised Autonomous Organisations (DAOs) are “non-hierarchical organizations that perform and record routine tasks on a peer-to-peer, cryptographically secure, public network, and rely on the voluntary contributions of their internal stakeholders to operate, manage, and evolve the organization through a democratic consultation process”. DAOs are in common use for DeFi and conservatively oversee more than $480 million. DeFi DAOs help …

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