Decentralized Autonomous Organizations, or DAOs, are community-led groups that make decisions through voting. They often hold treasuries in $ETH and $BTC . These organizations are sitting at the forefront of DeFi innovation. For example, a DAO with 100 members can vote on proposals, with each member having a certain amount of voting power. The treasury is used to fund projects and proposals that are approved by the community. This governance model allows for community-driven decision making. DAOs like MakerDAO have large treasuries, with over 300,000 $ETH . DeFi is changing the way we think about governance and community involvement. DeFi #DAO #Tokenomics