The Best Examples Of DAOs Everyone Should Know About (2024)

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The Best Examples Of DAOs Everyone Should Know About (2024)

FAQs

What are good examples of DAOs? ›

A famous example of a DAO-governed project is the Maker protocol. It's a stablecoin that simplifies cryptocurrency peer-to-peer lending and borrowing. The project's DAO allows the holders of governance tokens to actively participate in community decisions and change the protocol's rules.

What is the most successful DAO? ›

Uniswap. The most popular decentralized crypto exchange globally, Uniswap, has taken the throne as the biggest Decentralized Autonomous Organization today. Uniswap launched its governance token in September 2020 and became a legitimate DAO.

What is an example of a DAO? ›

Decentralized autonomous organization examples include DASH, Augur, MakerDAO and virtual worlds like Decentraland. However, BitShares, a virtual e-commerce network, was the first successful DAO. Bitshares was dubbed a decentralized autonomous company, a term invented by Dan Larimer (the company's founder).

How do you make a successful DAO? ›

Forming a DAO requires several steps:
  1. Name the DAO.
  2. Create a mission statement.
  3. Spin up a Discord server.
  4. Set up a Twitter account.
  5. Invite people to join.
  6. Launch a governance token.
  7. Create a funding mechanism.
  8. Set up Snapshot or other tools for voting and logging member contributions.
Jun 12, 2023

What is the largest DAO in the world? ›

Uniswap (UNI)

According to Defillama, UNI is the largest DEX protocol with Total value locked (TVL) about $5.45 billion. It was launched on the Ethereum network in 2018 and has revolutionized crypto trading through its seamless and user-friendly platform.

How many types of DAOs are there? ›

There are eight main types of DAOs: Protocol DAOs. Grant DAOs. Philanthropy DAOs.

What are the oldest DAOs? ›

The earliest dao date from the Shang Dynasty in China's Bronze Age, and are known as zhibeidao (直背刀) – straight-backed knives.

Which blockchain is best for DAO? ›

If you have a large treasury of assets stored on the Ethereum blockchain, you may want to deploy your DAO on Ethereum. However, Polygon or Base's low cost and fast transactions can make it easier for members to vote and participate in your DAO without cost being a prohibiting factor.

What is the largest DAO treasury? ›

Using stats from DefiLlama, let's take a look at the richest DAO treasuries, in terms of total holdings and also focusing on stablecoins. The richest treasury in crypto belongs to the Arbitrum DAO, which is flush after the launch of the Layer-2 Ethereum blockchain's ARB token.

What is a successful DAO? ›

If a DAO is successful, the value of the native token will increase. The DAO can then issue future tokens at a greater value to raise more capital. A DAO can also invest in assets if the members decide to approve such measures. For an example, a DAO can acquire companies, NFTs, or other tokens.

What is an example of an investment DAO? ›

Here are a few examples: Real Estate: An Investment DAO can be used for real estate in a few different ways. The first is by utilizing it to fund a real estate project. This could be a new development or an existing property that needs renovations.

What is a DAO for dummies? ›

A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions get 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.

What are the downside of the DAO? ›

Downsides of DAOs

However, a DAO carries these downsides and risks: Automated smart contracts can be difficult to change when a problem is discovered. Hackers can discover loopholes to legally misappropriate funds against the interests of shareholders.

How much money do you need to start a DAO? ›

Starting a DAO and generating tokens has no fixed cost, as ETH prices often fluctuate. However, forming a DAO as an LLC will cost $100 in fees.

Do DAO founders make money? ›

Typically, a DAO makes money though proceeds from investments made by the organization. People who are starting a DAO can also earn money by convincing others to invest in them individually based on their business idea. The beauty of DAOs finance resides in being in the crypto world, the Decentralized Finance world.

What are DAOs good for? ›

DAOs encourage autonomous operations and create opportunities for communities around the world to unite and work together.

Is Uniswap a DAO? ›

Uniswap is governed by the Uniswap Decentralized Autonomous Organization (Uniswap DAO), consisting of holders of the Uniswap (UNI) token.

What is the DAOs today? ›

DAOs Today

DAOs are in their early days, but despite that, they are utilized across many types of projects, ranging from DeFi protocols to social media clubs, grant-making, play-to-earn gaming, NFT generators, venture funds, charities and virtual worlds.

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