DAO and governance tokens Archive

The rise of DeFi has led to the creation of DAOs that govern decentralized financial protocols, such as lending platforms, decentralized exchanges, and liquidity pools. Decentralized Autonomous Organizations (DAOs) in blockchain technology have been a significant development in the crypto space.  What is DAO? DAOs operate without centralized control and are governed by smart contracts

In 2024, Decentralized Autonomous Organizations (DAOs) and governance tokens are poised to revolutionize decision-making processes across various industries. What is meant by DAO?  It is a global collaboration tool that allows communities to make decisions in a decentralized, transparent, and accountable manner by recording activities on a blockchain. Also, DAOs are essentially run by smart