DAO Governance
DAO Governance refers to the decision-making process within a Decentralized Autonomous Organization. In a DAO, members use smart contracts on a blockchain to propose and vote on changes, ensuring that all stakeholders have a say in the organization's direction. This structure promotes transparency and reduces the influence of any single individual.
Members typically hold tokens that represent their voting power, allowing them to participate in discussions and decisions. The governance model can vary, with some DAOs using a simple majority vote, while others may require a supermajority or consensus. This democratic approach aims to align the interests of all participants.