Introduction: DAO stands for Decentralized Autonomous Organization, and it is one of the most innovative and exciting concepts in the web3 space. But what exactly is a DAO and how does it work? In this post, I will explain the basics of DAOs, how they operate, and some examples of DAOs that you can join or create.Answer: A DAO, or Decentralized Autonomous Organization, is a community-led entity that operates on blockchain technology, where decisions and finances are determined through community consensus. Unlike traditional organizations, DAOs function without hierarchical structures, promoting a more democratic decision-making process.A DAO works by following the rules that are written into its code in the form of smart contracts. Smart contracts are self-executing agreements that run on the blockchain when certain conditions are met. Everyone who joins a DAO agrees to abide by these rules, and if they are violated, the DAO's funds are locked and inaccessible.A DAO is governed entirely by its individual members, who collectively make critical decisions about the future of the project, such as technical upgrades and treasury allocations. Members create proposals and vote on them, usually using tokens that represent their stake and voting power in the DAO. Proposals that achieve some predefined level of consensus are then accepted and enforced by the smart contracts.A DAO is transparent and auditable, as all its rules, transactions, and activities are recorded on the blockchain and can be verified by anyone. A DAO is also autonomous and self-sustaining, as it does not rely on any central authority or intermediary to function. A DAO is designed to align the incentives of its members, as they benefit from the success and growth of the project.Some examples of DAOs are:- **MakerDAO**: MakerDAO is a DAO that creates and manages a decentralized stablecoin called $DAI, which is pegged to the US dollar. MakerDAO also offers lending and borrowing services, and allows its members to vote on various parameters of the system, such as interest rates, collateral types, and risk management³.- **Compound**: Compound is a DAO that provides a decentralized money market, where users can lend and borrow various crypto assets and earn interest. Compound also allows its members to vote on the governance and development of the protocol, using its native token $COMP .- **Aragon**: Aragon is a DAO that enables users to create and manage their own DAOs. Aragon provides the tools and framework for creating and running DAOs that can operate on the blockchain without intermediaries or central authorities.Conclusion: DAOs are a new way of organizing and collaborating online, without the need for intermediaries or central authorities. DAOs offer a more democratic, transparent, and collaborative online world, where users can own and control their own data, identity, and assets. If you are interested in learning more about DAOs, you can check out the web search results for more information and resources. You can also join me on Binance Square, the social platform that connects you with the latest trends and opportunities in web3.#DAO #DAOMaker #Web3 #BinanceSquareUpdates #NFA✅

DAO Maker has announced that for the next 48 hours users have the opportunity to participate in a public round of the DegenZoo project. Redemption of $DZOO will take place for $DAO in BSC network (price of 1 $DAO is considered equal to $1.7). 

SHO of the same project starts in 72 hours.

#DAOMaker #CryptonResearchBot

The milestone was highlighted in Steakhouse Financial’s MakerDAO Protocol Economics Report for January 2024, which revealed a 22% rise in ETH lending via crypto-vaults on Spark.Much of MakerDAO’s market dominance throughout the past year can be attributed to Spark, which has provided high liquidity and competitive borrowing rates for DAI – the largest decentralized stablecoin. Spark is now the third-largest defi lending protocol regarding total value locked (TVL).The report details MakerDAO’s financial performance, noting a gross monthly revenue of 20.8 million DAI in January 2024. Crypto vaults were a major revenue source, contributing 10.3 million DAI.Revenue from Real-World Assets (RWA) also played a critical role, adding 10.5 million DAI to the total despite a 14% decrease in RWA exposure compared to December 2023.The shift towards crypto-backed loans from treasury bills has been vital to leveraging the market rally.MakerDAO continues to evolve with its governance structure through the Endgame Plan, aiming to further decentralize decision-making by introducing SubDAOs. Each SubDAO will have its governance token, process, and workforce, marking a significant step towards a more decentralized and efficient ecosystem. #BTC #DAOMaker

Hover, the sustainable yield ecosystem built on Kava EVM in Cosmos amassed over $8 million in deposits for its public sale.
February 23 - London - Hover, the newly launched yield ecosystem on the Kava EVM, has closed its public sale on top crypto launchpad DAO Maker. The token sale was set to raise $1 million and was 800% oversubscribed, with over $8 million deposited. This sale of the $HOV token ran for one week from February 14th to 21st. 
Hover is led by Dr. Aileen Dauz and Vincent Wu, who collaborated with Rome Blockchain Labs to develop a lending and yield market that avoids over-emission while maximizing token utility. 
Speaking on the problems of early-generation lending markets, Dr. Dauz said, “We understand how critical lending markets are to DeFi ecosystems. Looking under the hood, you learn that their performance is not optimal. Honestly, we’re surprised that many projects have been able to experience as much sustained growth as they have with a heavily emission-reliant model.”
What is the $HOV token? 
$HOV is the native token for the Hover protocol. Hover has structured its tokenomics to integrate $HOV into its operations through the Hover Staking Program (HSP). Traders can stake their tokens to unlock discounts on borrowing fees, liquidation rebates, and access to more features. 
Dr. Dauz pointed out the current state of token utility in lending market processes: “Lending protocol tokens are typically used to inflate market rates unsustainably and as DAO governance votes. The former doesn't support long-term growth, and the latter is not a strong value proposition. We designed Hover with a solution to that in mind.” 
Why is this significant? 
The Hover team’s focus on sustainable growth is not limited to lending market operations but diversifies into even more cutting-edge DeFi technologies. 
"We're glad to see the positive response for Hover's public round,” said Mr. Wu, “and very excited to deploy efficient money markets and innovative vault strategies for the ecosystem!" Phase two of Hover’s deployment will offer fixed-yield services, allowing depositors a risk-adjusted fixed yield leveraging CeDeFi hedging facilities and various LST platforms. More information is expected on Hover’s phase 2 deployment later in 2024. 
About Hover
Hover is a revolutionary liquidity market on Kava that facilitates the lending and borrowing of digital assets. With an innovative tokenomics model, 24/7 risk management, and a rewards program to benefit its users directly, Hover empowers retail users and institutions alike to fly into the next generation of DeFi. 
Learn more at hover.market.
About DAO Maker
DAO Maker aims to redefine venture capital by making it accessible to the masses. It develops next-generation digital financial solutions trusted by more than 1M users worldwide and is the best launchpad with the most KYC-ed users.
Learn more at app.daomaker.com.
#DAO #DAOMaker

DAO Maker announced that the winners of the allocation drawing for CryptoGPT project can already contribute their $DAO as a buyout allocation (price of 1 $DAO is considered as 1.7$). Winners $BUSD round will be announced after the end of this round, that is March 7 at 15:00 (UTC).

Link: https://daomaker.com/company-sale-rounds/cryptogpt/public/Bkk9a8jxYz

#DAOMaker #CryptonResearchBot

Massive Shiba Inu (SHIB) Update: Details About Upcoming DAO
The Shiba Inu (SHIB) community is buzzing with excitement over a major upcoming development: the launch of the Shiba Inu Decentralized Autonomous Organization (DAO). This initiative marks a significant milestone for the SHIB ecosystem, aimed at enhancing decentralization and community governance. Here’s a comprehensive look at what to expect.
What is the Shiba Inu DAO?
A Decentralized Autonomous Organization (DAO) is a system where decision-making is distributed among its members rather than centralized in a single authority. For Shiba Inu, the DAO will enable SHIB holders to participate in key decisions affecting the project’s future, from governance proposals to financial management.
Key Features of the Shiba Inu DAO
Governance Voting: SHIB holders will have the power to propose and vote on changes or improvements within the ecosystem. This includes decisions about future developments, partnerships, and allocation of funds.Transparency: All proposals and voting results will be recorded on the blockchain, ensuring transparency and accountability. This approach aims to prevent any single entity from having undue influence over the project.Community Proposals: The DAO will allow members to submit proposals for new initiatives or modifications to existing ones. This democratic process ensures that a wide range of ideas can be considered and evaluated by the community.Staking Rewards: Participation in the DAO might include incentives such as staking rewards for active members who engage in governance and voting processes.
Implications for SHIB Holders
The introduction of the DAO represents a significant shift towards greater decentralization and community control. For SHIB holders, this means an increased role in shaping the project’s future. Active participation in the DAO will not only influence the direction of SHIB but also potentially offer rewards and recognition for contributions.
How to Get Involved
To participate in the Shiba Inu DAO, holders will need to engage through specific governance platforms or interfaces provided by the Shiba Inu team. Details on how to join and the criteria for participation will be announced closer to the launch date.
Conclusion
The upcoming Shiba Inu DAO promises to redefine community engagement and governance within the SHIB ecosystem. By empowering holders with voting rights and transparency, the DAO aims to enhance the project's decentralization and inclusivity. As the launch date approaches, SHIB enthusiasts should stay tuned for further updates and prepare to take an active role in shaping the future of Shiba Inu.
Stay informed and engaged as the Shiba Inu DAO paves the way for a new era of decentralized governance and community-driven innovation.
#shiba⚡ #DAOMaker #SHIBAUSDT #BinanceBlockchainWeek #BinanceSquareFamily $SHIB

DAO Maker has announced a new project hosted on its site — Karate Combat.

The public and DAO rounds will start today in 5 minutes and will come to an end on May 4 and 6, respectively, and the winners will be announced the next day after the end of each of the rounds.

In total, it is planned to collect $3M in total in both rounds, 33% of coins will be available on TGE with a 5-month break and further linear unlocking within a year and a half. The FDV of the project at the start is estimated at $80M.

The purchase of the allocation in both rounds will be for $BUSD, the launch of the project is scheduled for May 10.

#DAOMaker #CryptonResearchBot