The future of DAOs
Let’s start with the current state of DAOs. DAOs have gained significant traction and momentum in the blockchain and DeFi space. They have evolved from conceptual experiments to practical implementations with real-world applications. Here is the state of DAOs as of now:
- Growing number of DAOs: The number of DAOs has been steadily increasing, spanning various industries and sectors. From DeFi protocols to art collectives and community governance, DAOs are being established to tackle diverse use cases.
- DeFi dominance: Many prominent DAOs operate in the DeFi sector, driving innovation and transforming traditional financial systems. These DAOs enable lending, borrowing, DEXs, liquidity provision, and more, creating a vibrant and rapidly evolving DeFi ecosystem.
- Governance experimentation: DAOs continue to experiment with governance models to enhance transparency, inclusivity, and decision-making processes. Various voting mechanisms, tokenomics...