DAO Advanced
A DAO (decentralised autonomous organisation) is a group run by token-holder votes and smart contracts instead of a traditional management team.
DAOs manage shared treasuries and make decisions on-chain. That can be transparent, but it can also be slow, and voting power often ends up concentrated in a few large holders.
This definition is educational and not financial advice. Crypto is volatile and high-risk — always do your own research.
Related terms
Beginner
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Bull Market
A bull market is an extended stretch of rising prices and optimism.
IntermediateDeFi
DeFi, or decentralised finance, means financial services such as lending, trading and earning yield, run on public blockchains without a bank or broker in the middle.
BeginnerDYOR
DYOR means "do your own research" — a nudge to check things for yourself before acting.