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What Is a DAO? Decentralized Organizations Explained

3 min read

What Is a DAO? Decentralized Organizations Explained

A DAO is an internet-native organization with no boss — run by code and member votes. Here's how DAOs work, what they're used for, and where they struggle.

Governance

BONK DAO loses $20M as $4.4M governance vote drains treasury

🩸BEARISH

16d ago

BONK DAO loses $20M as $4.4M governance vote drains treasury

A quorum that cleared by 0.3% of supply handed an attacker 99.9% of one vote and 4.43 trillion BONK tokens, the cheapest legal theft the sector has seen.

CoinDesk

The DAO hack turns 10: a $50M exploit that forged…

〽️NEUTRAL

35d ago

The DAO hack turns 10: a $50M exploit that forged…

A decade after the most consequential smart-contract breach in crypto history, the Ethereum ecosystem has channelled the lesson into a $130 million security fund — a direct institutional response to…