A DAO (Decentralized Autonomous Organization, or decentralized autonomous organization in French) is a form of organization governed by rules encoded in smart contracts, operating without a central authority. Decisions are made collectively by the members, usually via a voting system based on the holding of tokens.

DAOs allow for the management of funds, projects, or communities in a completely transparent and decentralized manner, relying on the blockchain to ensure the automatic and tamper-proof execution of rules.

Main characteristics:

• Transparency: all actions are visible on the blockchain.

• Community governance: token holders vote on decisions.

• Autonomy: rules are executed by smart contracts, without direct human intervention.

• Varied uses: treasury management, project funding (through community treasuries), governance of DeFi protocols, or even collective purchase of assets.