With the boom of DeFi and NFT, the term DAO seems to appear more and more often in the vision of project parties. The emergence of the so-called decentralized governance organization DAO (Decentralized Autonomous Organization) has broken the previous management method of the company. Token holders (non-essential) as shareholders make joint decisions and work towards a common vision and goal. The author believes that the concept of DAO is actually a bit extended from the perspective of start-up companies. It also has a horizontal management system, but there is no upper limit. In response to the various rigid norms, the members of the DAO have the same expectations for the development and expectations of the project. This emotion may be stronger than the cohesion between simple colleagues. If you can, you can even be in different DAOs at the same time. Do your part for the project through your talents, which is more flexible and autonomous than a single company.
DAO members work together to create, capture and distribute value, from a sharing economy to an ownership economy. Through the form of DAO, the creator and ownership economy will change the next generation of network communities.
To enhance the existing model of DeFi projects, Olympus DAO, one of the very hot DeFi 2.0 projects recently, also allows us to see how community consensus can promote the progress of DeFi projects. It became the tenth largest in less than five months after its launch. Stablecoin, OMH’s attempt is to develop a fully mortgaged, free-floating algorithmic stablecoin. However, the core concept of OHM (3,3) not only keeps the pledge ratio above 80% for a long time, but we can also see it on Twitter. the community members of Olympus DAO, namely "Ohmies" are enough to show that the huge growth of this DeFi agreement cannot be separated from the community members.
I really hope we can fight together!
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