DAO
A decentralized autonomous organization is a blockchain-based organization that uses smart contracts, token voting, or other on-chain rules to coordinate decisions.
✦ Key Insight
The concept can affect smart-contract risk, liquidity, pricing, collateral, or the safety of on-chain transactions.
✕ Common Misconceptions
Check the contracts, permissions, liquidity, fees, dependencies, and official documentation before committing funds.
Detailed Explanation
In Practice
Dig Deeper
Smart Contract
A smart contract is blockchain-deployed code that can hold state and execute predefined rules when called.
DeFi
Short for “Decentralized Finance,” it refers to financial applications built on blockchain networks that operate without traditional intermediaries.
Liquidity
Liquidity describes how easily an asset can be bought or sold in meaningful size without causing a large change in price.
Oracle
A blockchain oracle supplies smart contracts with data or results that the blockchain cannot reliably obtain from its own on-chain state.