
Made possible due to the power of the blockchain, DAOs are a natural evolution of DeFi applications and have revolutionized governance through community-led voting mechanisms, involving holders of its native tokens. This self-governance model makes these DAOs truly autonomous and grants its native token holders full rights over the decision-making process in addition to a commensurate share of distributing fees, further enhancing the overall proposition for new investors to join these networks.
from Markets-Economic Times https://ift.tt/3B7tZf6
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