DAOs
DAOs play a critical role in many blockchain applications and DeFi protocols. Many of the DeFi protocols we discussed in Chapter 3, Decentralized Finance, rely on DAOs to get the liquidity to jump-start the project and automate governance decisions. In the following sections, we will provide an overview of DAOs, explain how DAOs work, and use the Uniswap DAO to illustrate how the protocol is governed by the leading DeFi protocol.
Introduction to DAOs
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