DAO Governance Models | Vibepedia

DAO governance models refer to the frameworks and protocols used by decentralized autonomous organizations (DAOs) to make decisions, allocate resources, and manage their operations. These models are designed to be decentralized, transparent, and community-driven, allowing stakeholders to participate in the decision-making process. The DAO had an objective to provide a new decentralized business model. The DAO was instantiated on the Ethereum blockchain and had no conventional management structure or board of directors. The code of the DAO is open-source. The Ethereum community decided to hard-fork the Ethereum blockchain to restore funds. The use of DAO governance models is related to blockchain technology and decentralized networks.