DAOs (Decentralized Autonomous Organizations) are internet-native organizations governed by token holders.
1. Members hold governance tokens
2. Anyone can submit proposals
3. Token holders vote
4. Smart contracts execute approved proposals
Protocol DAOs: Govern DeFi protocols (Uniswap, Aave)
Investment DAOs: Pool funds for investments
Social DAOs: Communities with shared goals
Collector DAOs: Acquire assets collectively
Service DAOs: Decentralized work coordination
Token Voting: 1 token = 1 vote
Quadratic Voting: Cost increases exponentially
Conviction Voting: Time-weighted preferences
Delegation: Give voting power to representatives
1. Acquire governance tokens
2. Join Discord/forum to follow discussions
3. Read proposals before voting
4. Delegate if you can't keep up
5. Submit your own proposals
- Voter apathy (low participation)
- Plutocracy (rich have more power)
- Coordination costs
- Regulatory uncertainty
- Join a DAO you use (Uniswap, ENS, Gitcoin)
- Start by observing governance forums
- Vote on proposals you understand
- Gradually increase involvement