Thread by @AltCryptoGems

What is a #DAO and how is it shaping the future of #Crypto and #finance?

This crypto guide as well as other free guides & project reviews can be read more clear on my website:
altcryptotalk.com/crypto-guides/

1/ 🧵👇

2- The whole #Crypto #DeFi community believes in a decentralised space with no centralised entities governing their finances. Users in the #DeFi world have complete control over their #crypto but do they have control over the future of the protocols they've invested in?

3- In some cases, yes! It is called a #DAO, which stands for 'Decentralised Autonomous Organisation'. A #DAO allows the community to make every future decision regarding the protocol through proposals and voting!

4- The #DAO will have rules set out in the smart contract which is fully transparent (in most cases). A DAO will generally have a native token which will allow users to #Stake or #Earn through the DAOs treasury in some way.

5- Most #DAOs will require users to #stake or #HODL a certain amount of tokens if they wish to vote and govern the network. Be aware that some DAOs with lower TVLs can be manipulated easier by #crypto whales.

6- Here are some reputable #DAOs you can do some research on, or check out the articles on my website (Link at the End):

@Uniswap
@Lido_DAO
@ApeCoin
@OlympusDAO

7- That's it for now, thanks for reading!

Hope you guys enjoyed it and learned something!

Follow me - @AltCryptoGems for more content and have a look at my website for more free crypto alpha: altcryptotalk.com

Join the Discord: discord.gg/AltCryptoTalk

#NFA #DYOR