Decentralized Autonomous Organization (DAO) - News, Opinion & Analysis

Decentralized Autonomous Organization (DAO)

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Decentralized Autonomous Organization (DAOs) are large scale organizations that have no central authority or government. Rather, the body is controlled democratically by its shareholders through smart contracts and decisions are recorded on the blockchain. The most well-known of DAO’s is the DAO that formed on the Ethereum blockchain, and which was subsequently hacked, resulting in a loss of $50 million. 

A term that grew in popularity with the advent of blockchain networks, decentralized organizations do not have the typical structure of a corporate organization i.e. something that is pyramidal. In the DAO’s case, governance is chiefly conducted with the help of smart contracts. Besides bringing the benefits associated with decentralization - transparency, immutability, security etc. - DAOs are also cost effective and, through token economics, good at incentivizing users to participate. 

Several DAOs have already been formed, including projects themselves, such as Aragon, BitShares, Dash and Digix. The governance mechanisms on such platforms allow users to propose changes and vote on such changes. 

Given that that there is no one power controlling the network, and that decentralized networks belong to no nation state, there has been some discussion on the legal status of DAOs. It continues to stir debate.  


Twitters' 10 Problems with DAOs and why they don't matter

20 Oct 2021 7 minute read 0 comments HunterH

A fellow named David Phelps @divine_economy pretends to be a deep thinker by posing complex, buzz-wordy, densely loaded questions on esoteric subjects. Perhaps is approach is to confound- thus astound- the Twitter world with his intellect. Fortunatel...

Colony vs Governor Pt2

19 Oct 2021 3 minute read 0 comments HunterH

I talked about the human-assisted onboarding process for Colony in the last post. I felt it was a very sincere way of validating that I am a human while teaching me the basics of how to use and navigate the Colony platform. I left it at that. I shoul...

ShapeShift DAO Weekly Governance Call [Video] 10/14/2021

17 Oct 2021 1 minute read 1 comment ShapeShiftDAO

Once again, the ShapeShift DAO has had a GM - with numerous proposals passing (we are at 30+ now!) in the last 2 months. Enjoy this Weekly Governance Call video and if you'd like to join us live, we would encourage anyone and everyone interested to c...

I Joined a DAO and I Like It

17 Oct 2021 12 minute read 0 comments Thumbs Up Finance 🇨🇦

Hey friends 👋 If you've been following along with the blog you'll know I'm a big fan of decentralized finance (DeFi) and the way it opens up the doors for everyday people to participate in the formerly classist, elitist, and, let's not forget opaque...

What To Expect From Alphr’s AMT? 

17 Oct 2021 2 minute read 0 comments RitabeII

Alphr’s latest upgrade to its copy trading solution brings forth automated mirror trading (AMT). While the De-Fi project started its copy trading solution with some manual input required, that has changed with the onboarding of the AMT. Alphr’s AMT U...

PhoenixDAO September Recap

8 Oct 2021 2 minute read 5 comments PhoenixDAO (PHNX)

We have completed another eventful month with several updates and partnerships. The team has been constantly working to create a more rewarding space for the users while striving to be a disruptor. However, everything the project has achieved wouldn’...

ShapeShift DAO Weekly Governance Call [Video] 9/30/2021

4 Oct 2021 1 minute read 1 comment ShapeShiftDAO

ShapeShift DAO Weekly calls take place every Thursday! ShapeShift DAO contributors, workstream leaders, and community members align to cover current integration proposals, workstream efforts both in progress and projected & so much more. If you can'...

ShapeShift DAO Weekly Governance Call [Video] 9/23/2021

3 Oct 2021 1 minute read 2 comments ShapeShiftDAO

ShapeShift LLC is dissolving its governance structure & ShapeShift DAO is moving forward as the governing body of ShapeShift! In these Weekly calls every Thursday, ShapeShift DAO contributors, workstream leaders, and community members align to cover...

ShapeShift DAO Weekly Governance Call [Video] 9/16/2021

3 Oct 2021 1 minute read 1 comment ShapeShiftDAO

ShapeShift LLC is dissolving its centralized governance structure & ShapeShift DAO is taking its place! Join the ShapeShift DAO for our weekly community governance calls every Thursday at 3:00pm MTN (Denver) / 5:00pm (New York). In these Weekly calls...

r/xDAI DAO: Community Update #13

2 Oct 2021 3 minute read 1 comment Rekt

September r/xDAI Airdrops Go Out Tomorrow! As a DAO, we're always looking at ways to: Promote xDAI as an exceptional EVM sidechain Grow our community with quality devs and blockchain enthusiasts Prudently experiment with Governance and DeFi inn...