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5. De-Fi is an emerging financial technology that uses distributed ledgers to remove middlemen from financial transactions. They are a combination of smart contracts and DAOs.

More simply, DAOs are a new way to finance projects, govern communities, and share value. Instead of a top-down hierarchical structure, they use Web3 technology and rapidly evolving governance and incentive systems to distribute decision-making authority and financial rewards. Typically, they do that by issuing tokens based on participation,... See more

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DAO DAOs are simply a group of people with a common interest that come together and contribute toward a shared objective. DAOs need a community of contributors that can take care of tasks like managing the tasks, onboarding new members into the DAO, assisting members in their tasks, and communicating strategies with members of the community and... See more

A DAO uses blockchains and smart contracts to organize the mechanics of corporate governance, thereby facilitating collective participation of distributed participants in the funding and production of community goods. There are now several prominent DAOs in the Ethereum community, and recent legal moves in places like Wyoming have begun... See more

DAOs have systems of organizing tasks that need to get done along with incentives for said tasks. This can be monetary incentives like bounties or reputational incentives to get other benefits in the DAO like more voting power.

Dao efficiency parity forecast. The flipenning of DAOs creating more value than tradcos - Tradcos learn linearly - DAOs have strong network effects, both internally but also learning from each other. This creates an exponential learning rate.- We're still early in DAOs. Figuring stuff out - Bitcoin is a dao - We’ve learned about Governance tokens -... See more