What is a DAO?
Written by TreatDao
Updated over a week ago

A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions are made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain.

DAOs are internet-native organizations collectively owned and managed by their members. They have built-in treasuries that are only accessible with the approval of their members. Decisions are made via proposals the group votes on during a specific period.

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