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  1. Home
  2. /Glossary
  3. /DAO (Decentralized Autonomous Organization)
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blockchain

DAO (Decentralized Autonomous Organization)

An organization run by code and governed by token holders instead of a traditional management structure.

Definition

An organization run by code and governed by token holders instead of a traditional management structure. Members vote on proposals using their governance tokens. DAOs manage everything from DeFi protocols to investment funds to art collectives.

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Related Terms

Governance

The process of making decisions about a protocol's development and direction.

Token

A digital asset created on an existing blockchain rather than its own chain.

Smart Contract

Self-executing code stored on a blockchain that runs when conditions are met.

ABI

Application Binary Interface.

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

ERC-4337

The Ethereum standard for account abstraction without changing the core protocol.

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