Lesson 1: DAO Governance - Power to the People
Decentralized Autonomous Organizations (DAOs) shift power from central authorities to the community. Governance involves members voting on proposals that dictate the project's direction, treasury spending, or protocol changes.
Proposals are typically submitted by members meeting certain criteria (e.g., holding a minimum amount of governance tokens). Voting mechanisms vary: simple token-weighted voting (1 token = 1 vote), quadratic voting (reducing the power of large holders), or conviction voting (longer staked tokens get more weight). Smart contracts execute the outcome automatically if a proposal passes quorum and threshold requirements.
Knowledge Check! (Swipe Left to Submit / Right to Reset)
1. What is the primary function of governance in a DAO?
2. In token-weighted voting, who typically has the most influence?
3. What automatically executes the outcome of a successful DAO proposal?
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