He aha te DAO?
How Decentralized Autonomous Organizations (DAOs) work, how to take part in governance, and how communities use them to make decisions on-chain.
He aha te DAO?
A DAO (He Rōpū Motuhake Motuhake) he rōpū e whakahaerehia ana e ngā ture kua whakakōwhiria i roto i kōtaha atamai i runga i te pūnaha blockchain, e mahia ana ngā whakatau i te kotahi e ngā kaipupuri tohu, kaua i te rōpū rangatira kotahi. Kāore he Tumuaki, kāore he poari kaiwhakahaere, kāore hoki he tari matua. Mā te kē, ka tohua te mana whakahaere ki te katoa e pupuri ana i te tohu whakahaere.
The concept was first popularized in 2016 with "The DAO" on Ethereum, a venture capital fund where token holders voted on which projects to finance. That experiment ended in a famous attack, but the underlying idea survived and evolved. Today, DAOs govern some of the largest DeFi protocols, hold on-chain treasuries that anyone can audit, fund public goods, and coordinate global communities without traditional corporate structures.
At its core, a DAO replaces trust in individuals with trust in code. Treasury management, proposal execution, and voting rules are enforced by smart contracts that anyone can inspect. The result is an organization that is hard to censor, globally accessible, and accountable to its community by design.
Kāwanatanga ā-hapori
Kāore he Tumuaki Matua, kāore hoki he poari. Ka tuku whakaaro me te pōti ngā kaipupuri tohu i ia whakatau nui, mai i ngā whakahoutanga tukanga ki ngā tohatoha pūtea.
Ngā Ture i te Waehere
Ko ngā ture whakahaere, ngā paepae pōti, me ngā mana pūtea e whakamanahia ana e ngā kiripaka atamai ka taea te arotake, kāore i ngā whakaaetanga ture.
Ka taea te uru huri puta noa i te ao
Ka taea e te tangata katoa kei a rātou hononga ipurangi me ngā tohu whakahaere te whai wāhi, ahakoa te wāhi noho, te tuakiri rānei.
Me pēhea te mahi a ngā DAO
Ka whai i te whakahaere DAO i tētahi oranga āhua whakatakotoria: ka tuku tētahi tangata i tētahi tono, ka matapakihia, ka pōti te hapori ki runga, ā, ki te whakaaetia, ka whakatinanahia te tono i runga i te aho. He tiaki ia wāhanga hei aukati i ngā whakatau tere, kino rānei.
Tuku tono
Any token holder who meets the minimum proposal threshold (typically a percentage of total token supply) can submit a governance proposal. Proposals range from simple parameter changes (adjusting a fee or interest rate) to complex protocol upgrades, treasury spending, or strategic partnerships. Before on-chain submission, most DAOs require a discussion phase on a governance forum (often built on Discourse), where the community debates the merits and refines the proposal.
He maha ngā DAO e whakamahi ana i te aromatawai mahana mā te pōti kore-aho (Snapshot) i mua i te whakawhiti ki te pōti ā-aho e here ana, e mātakitaki ana i ngā tono kāore i te whai tautoko a te hapori i te tīmata o te tukanga.
Pōti Whai Uara Tokina
Ina uru ana tētahi tono ki te wāhanga pōti, ka tuku pōti ngā kaipupuri tohu. I te nuinga o ngā DAO, he rite te kaha pōti ki te maha o ngā tohu whakahaere e puritia ana, e tukuna ana rānei: ki te puritia e koe 1,000 tohu mai i te 1,000,000 toha, ka 0.1% te taumaha o tō pōti. Me eke ngā tono ki te quorum (paepae whakauru iti rawa) ā, me eke ki te paepae nuinga (he nuinga māmā te nuinga o te wā, he nuinga nui ake i ētahi wā) kia whakaaetia.
Ko ngā wā pōti e roa ana i te nuinga o ngā rā 3 ki te 7 mō ngā pōti i runga i te aho. I roto i tēnei wā, ka taea e ngā kaipupuri tohu te pōti mō, ki te tiri, rānei kia kore e pōti. Ka āhei te tuku mana ki ngā kaipupuri pūmau te tuku i tō rātou mana pōti ki ngā mema o te hapori whai wāhi ana e whai ana i te whakahaere tata.
Execution and Timelocks
After a proposal passes, it usually enters a timelock period (often one to several days, set by each DAO) before execution. The timelock serves as a safety buffer: if a malicious proposal somehow passes, users have time to exit the protocol or a security council can veto it. Once the timelock expires, anyone can trigger the on-chain execution of the proposal, and the smart contract automatically implements the approved changes.
He maha ngā DAO e whakamahi ana i ngā putea multisig (pērā i a Safe, i mua ko Gnosis Safe) hei whakamarumaru tāpiri. Me whakaae ngā kaihaina whirinaki maha i roto i te multisig ki ngā whakawhitinga pūtea, ki ngā mahi ohotata rānei, e tāpiri ana i te arotake ā-tangata ki te tukanga whakahaere aunoa.
Ngā momo DAO
He maha ngā āhua o ngā DAO, ia mea i hoahoa mō tētahi whāinga motuhake. Ka ōrite pea te hanganga whakahaere, engari ka rerekē nui ngā whāinga me te āhua o te hapori.
DAO kaupapa
Ka whakahaere nga Protocol DAOs i nga kawa whakawhitiwhiti me te momo tino noa. Ka pooti nga kaipupuri tohu ki nga tawhā kawa, whakahoutanga kirimana atamai, tohatoha putea, me te ahunga rautaki. Ko etahi tauira ko Aave DAO (tuku moni), Uniswap DAO (DEX), me Balancer DAO (puna wai). Ko enei DAO te nuinga ka whakahaere i nga putea nui me te whakahaere i nga hanganga e whakawhirinaki ana te maha o nga kaiwhakamahi DeFi.
Investment DAOs
Ka kohikohi ngā DAO haumi i te pūtea mai i ngā mema hei whakatau haumi ā-whakawhanaunga. Ka tuku whakaaro ngā mema mō ngā haumi e taea ana, ā, ka pōti te rōpū mō te tohatoha. Ko ngā tauira ko The LAO, MetaCartel Ventures, me FlamingoDAO (e aro ana ki ngā NFT). He maha ngā DAO nei e whakahaere ana i raro i ngā ārai ture hei hāngai ki ngā ture haumi, ā, ka whakarato i te tiaki mō te haepapa o ngā mema.
DAO whakaaetanga
Ka tohua e ngā DAO Grant ngā pūtea ki ngā kaihanga, ngā kairangahau, me ngā kaupapa e whai hua ana ki tō rātou pūnaha-ā-taiao. Ko ngā tauira rongonui ko Gitcoin Grants, Aave Grants DAO, me te Uniswap Foundation Grants Program. Ka whai wāhi nui ēnei DAO ki te pūtea i ngā taonga tūmatanui me te whakatipu auahatanga mā te ārahi i ngā pūtea tāpuna ki ngā mahi whai pānga nui i kōwhiria e te hapori.
Ngā DAO Hāpori
Ko ngā DAO pāpori he hapori kua whakaritea i te huringa o ngā hiahia tiritiri, ahurea, me te tuakiri. Ko Friends With Benefits (FWB) te tauira rongonui rawa, e mahi ana hei karapu pāpori kua ārai mā te tohu mō ngā hihiri Web3. Ka hiahiatia te mau i te tohu o te DAO mō te mema, ā, ko ngā whakatau whakahaere e kapi ana i ngā huihuinga, te aronga whakatika, me ngā haumi hapori. E whakaatu ana ngā DAO pāpori ka taea e te whakahaere kore-ā-roto te whakawhānui atu i te pūtea ki te ahurea me te whakatōpū hapori.
Whiwhi i a koe e ako ana mō ngā DAO
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Tīmata ki te Whiwhi 7.50% APYNgā DAO rongonui
These DAOs have shaped the governance landscape. Together they steer protocols holding billions of dollars of user deposits (live TVL is on DefiLlama) and sizeable on-chain treasuries.
MakerDAO
One of the original DeFi DAOs, MakerDAO governs the Maker Protocol and the DAI stablecoin. MKR token holders vote on collateral types, stability fees, and risk parameters. With its rebrand to Sky in 2024, Maker introduced semi-autonomous units (Spark, focused on lending, was the first) that manage specific functions under the main DAO. Maker's governance system has served as a blueprint for many later DAOs.
Aave DAO
Kei te whakahaere a Aave DAO i te kawa tuku moni a Aave , tētahi o ngā kawa DeFi nui rawa atu mā te tapeke uara kua mauhia (TVL). Ka pōti ngā kaipupuri tohu AAVE mō te tāpiri rawa hou, te whakatikatika i ngā tawhā mōrearea, te tuku ki ngā mekameka hou, me te whakahaere i te pūtea o te kawa. Kei roto i ngā āhuatanga whakahaere a Aave he tūranga Kaitiaki mō ngā mahi ohotata me tētahi tukanga pōti wāhanga e rua me ngā arotake pāmahana i runga i Snapshot i mua i te herenga o ngā pōti i runga mekameka.
Uniswap DAO
Uniswap DAO governs the Uniswap protocol, one of the largest decentralized exchanges. UNI token holders control the protocol fee switch, grants programs, and deployments to new chains. Whether and how to turn on protocol fees has been one of the most debated questions in DAO history; the current governance process and fee status are documented on Uniswap's governance pages.
Arbitrum DAO
Arbitrum DAO governs the Arbitrum Layer 2 ecosystem and holds a large treasury denominated mostly in ARB tokens. The DAO manages grants programs, incentive campaigns, and protocol upgrades for Arbitrum One and Arbitrum Nova. Its Security Council, a multisig of trusted members, can perform emergency upgrades, while the broader community controls long-term strategic decisions.
CowDAO
Ka whakahaere a CowDAO Kaupapahere CoW (CowSwap), te DEX i tiakina e MEV. Ka pōti ngā kaipupuri tohu COW i ngā whakaritenga hononga o te kaiwhakawā, ngā hanganga utu, me ngā tohatoha pūtea. He tauira kaha a CowDAO mō te āhua ka taea e te whakahaere kaupapahere te pānga tika ki te wheako kaiwhakamahi, i te mea ka whakatau ngā whakatau whakahaere mō te kōwhiringa kaiwhakawā me te tohatoha rawa ki te whakatau i te pai o te tiaki a te kaupapahere i ngā kaihokohoko.
Nouns DAO
Nouns DAO is one of the most innovative governance experiments in crypto. One Noun NFT is auctioned every day, and 100% of proceeds go to the DAO treasury. Each Noun grants one vote. The DAO funds art, education, charity, and public goods projects. Nouns has funded many creative proposals and popularized the "proliferation" model: the brand is CC0 (public domain), so anyone can build on the Nouns identity.
Me pēhea te whai wāhi ki te DAO
Ko te whai wāhi ki te whakahaere DAO he mea ngawari ake i te nuinga o te tangata e whakaaro ana. Anei he aratohu hāereere-ki-hipa hei whai wāhi ki te whakahaere kaha.
Tikiti Whakahaere
Whiwhi i te tohu kāwanatanga o te DAO's mā tētahi whakawhiti kāri korekore (pērā i CowSwap rānei Uniswap) rānei mā tētahi whakawhiti kāri pūmau. Heoi anō, ka tohua e ētahi DAOs ngā tohu mā ngā aerepapa, ngā tahua, ngā utu mō ngā kaitāpae. Kāore koe e hiahia ana ki te nui o te rīpene hei whai wāhi; ahakoa te iti o te moni ka whiwhi koe i ngā motika pōti, me te āhei ki te tuku mā.
Tuku Mana, Tuku Mana Ake
Ka taea e koe te pōti, me tono te nuinga o ngā DAO kia tuku koe i tō mana pōti, ki a koe anō (tuku‑a‑anō) rānei ki tētahi kaituku e whakawhirinaki ana. Kāore te tuku e whakawhiti i ō tohu; he tuku anake i tō taumaha pōti. Ka taea e koe te kimi i ngā kaituku kaha i runga i ngā papamahi pērā i a Tally, Karma, arotake i ō rātou hītori pōti, ā, whiriwhiri i tētahi e hāngai ana ki ōu tirohanga.
Pōti i ngā tono
Browse active proposals on Snapshot (off-chain, gasless voting) or Tally (on-chain voting). Read the proposal, review the forum discussion, and cast your vote. Off-chain votes on Snapshot are free (you simply sign a message), while on-chain votes require a gas transaction. The cadence of votes varies by DAO; active protocols often have several proposals open at any time.
Tuhi me tuku tono
Mēnā ka kite koe i tētahi whakapai, tuhia he tono i te huinga whakahaere a te DAO. Ka whakauru he tono kaha i tētahi kīanga raru mārama, he rongoā motuhake, he mahere whakatinanatanga, me te aromatawai utu. Whakauru ki ngā urupare a te hapori, whakakē i te hoahoa, ā, neke ki te pōti ā-ture ina nui te tautoko. He maha ngā tono kua angitu ka tīmata hei kōrero ā‑kore i Discord i mua i te riro hei mahi whakahaere ā‑ture.
Utauta Whakahaere DAO
He taiao mature o ngā taputapu e tautoko ana i te kāwanatanga DAO, mai i ngā papatono pōti ki ngā anga whakaaetanga atamai. Anei ngā taputapu tino nui me mātou e mōhio ai ngā kaiuru DAO katoa.
Snapshot (Off-Chain Voting)
Snapshot is the most widely used off-chain voting platform. Votes are signed messages (gasless) and verified against token balances at a specific block number. It is used for temperature checks, non-binding polls, and governance decisions in DAOs that prefer gas-free participation. Tens of thousands of spaces exist on Snapshot; the live count is on its website.
Tally (On-Chain Voting)
Tally ko te atanga rangatiratanga i runga i te aho e rangatira ana. Ka tautoko i ngā kirimana Kaiārahi OpenZeppelin, ā, ka whakarato papamuri mō te tirotiro i ngā tono, te tuku pōti i runga i te aho, te tuku mana ki ngā tohu, me te aroturuki i ngā kōrero pōti a ngā kaituku mana. Ka whakamahia e ngā DAO nui pērā i Uniswap, Aave, me Arbitrum a Tally mō ngā pōti rangatiratanga e here ana e whakatinana i ngā huringa kirimana atamai.
Kirimana Kaiārahi (OpenZeppelin)
OpenZeppelin's Governor is the industry-standard smart contract framework for on-chain governance. It handles proposal creation, voting, quorum checks, timelock integration, and automatic execution. Many Ethereum-based DAOs build their governance stack on Governor contracts, which are modular, audited, and widely deployed.
Pukoro Multisig (Safe)
Ko Safe (i mua ko Gnosis Safe) te putea multisig paerewa e whakamahia ana e ngā DAO ki te whakahaere pūtea me te whakatinana whakataunga kāwanatanga. Me whai hainatanga M-o-N te multisig ki te whakaae i ngā whakawhitinga, me te tāpiri i tētahi paparanga ruruku tangata ki runga ake i te kāwanatanga aunoa. Ka whakaputa a Safe i te uara o ngā rawa e tiakina ana e ia i runga i tana paetukutuku; ko ia tētahi o ngā puna nui rawa o ngā rawa ā-poraka i raro i tētahi paerewa putea kotahi.
Challenges and Limitations
A ahakoa tā rātou oati, ka pā ki ngā DAO ngā wero tūturu e mahi ngātahi ana te hapori crypto ki te whakatau. He mea nui te mārama ki ēnei herenga mō tēnā tangata e whai wāhi ana ki te whakahaere.
Māuiui Kaitōpū
Most DAOs struggle with low voter turnout. In many major protocols only a small fraction of token holders vote on a typical proposal; turnout for each vote is visible on Tally and Snapshot. Many token holders are passive investors with no interest in governance. This creates a situation where a small group of engaged delegates and whales effectively control outcomes, undermining the "decentralized" promise of DAOs.
Mōrearea o te Pūtahi Pūkete
Ko te pōti whai-utu token e tikanga ana ko te taonga he ōrite ki te mana. Ka taea e tētahi tohorā kotahi, he pūtea whakatūpato rānei, e pupuri ana i tētahi tūnga token nui te rangatira i ngā hua whakahaere, ā, ka huri te DAO ki te rangatiratanga o te hunga whai rawa. He raruraru taketake tēnei i te hoahoa DAO: he māmā, he kore e pāwhai i te hunga hē te pūnaha kotahi-token-kotahi-pōti, engari ka whakakotahi i te mana ki te hunga whai rawa, kaua ko te tohatoha i te tika.
Mahi whakatau āta
Ko ngā tukanga kāwanatanga maha-ā-wā (kōrero i te whārangi, tirotiro wera, pōti ā-ture, timelock) ka roa te wā e puta ai, e wiki e toru. He mea i whakatakotoria mō te haumaru, engari ko te tikanga, ka uaua ngā DAO ki te urupare tere ki ngā panonitanga o te mākete, ngā aituā haumaru, me ngā mōrearea whakataetae. Ka whakatika ngā multisig ohorere i tēnei, engari ka whakahokia anō te aronga ki te pokapū, e hanga ana i tētahi piringa i waenganui i te tere me te whakatōpū.
Mōrearea Ture
Kei te noho ngā DAO i tētahi wāhi māri ā-ture i te nuinga o ngā rohe. Kāore he rōpū ā-ture i whakaae, ka pā pea te kawenata whaiaro mutunga kore ki ngā mema DAO. Ka taea te whakakāhore i ngā tohu kāwanatanga hei taonga pūtea i ētahi whenua. Ka noho āhua mārō ngā herenga taake mō ngā pūtea DAO me ngā utu tāwhai. Ahakoa kei te wātea ngā kaitiaki ā-ture, kei te whanaketanga tonu te anga whakahaere mō ngā DAO i te ao.
Whakawhanake i tō USDC i a koe e whakahaere ana
Kei te kaha koe ki te whakahaere DAO? Whakamahia ō USDC kore mahi me Coinstancy. Whiwhi 7.50% APY i runga i te USDC me te Dollar Savings. Ka whiwhi huamoni ia hēkona, ka whakamahi aunoa. Kāore he here, ka taea te tango i ngā wā katoa ina hiahia koe i te pūtea mō te hoko tohu whakahaere.
Whiwhi 7.50% APY i runga i te USDCTe Anamata o ngā DAO
Kei te tipu tere te whakahaere DAO. He maha ngā ahunga hou e oati ana ki te whakatika i ngā herenga o nāianei, ā, kia whaihua, kia whakauru, ā, kia pakari ā-ture ngā rōpū motuhake.
Legal Wrappers and Regulatory Clarity
More jurisdictions are creating legal frameworks for DAOs. Wyoming's 2021 DAO LLC law was the first, and other US states and countries have followed with their own statutes or are drafting them. Legal wrappers like Cayman Foundation Companies and Swiss Associations give DAOs the ability to sign contracts, hold assets in traditional finance, limit member liability, and comply with tax obligations, all while maintaining decentralized governance on-chain.
Pōti i runga i te mana
Hei whakautu i te mana rangatira o te hunga whai rawa, kei te whakamātau ngā DAO i ngā tauira whakahaere e hāngai ana ki te rongonui. Engari i te pōti kotahi-tokena-kotahi, ka whiwhi te mana pōti mā ngā takoha, te hītori whai wāhi, te tohungatanga rānei. Hei tauira, ka whakawhiwhia e te Whare o ngā Tangata Whenua o Optimism ngā motika whakahaere mā ngā tohu kāore e taea te whakawhiti e herea ana ki te takoha hapori, kāore ki te pupuri tokena. Ko te pōti tapawhā, te pōti whakapono, me te whakaaetanga holographic ētahi atu tikanga kē e whakamātauria ana.
Ngā Āwhina Kāwanatanga AI
Kua tīmata ngā taputapu AI ki te āwhina i te whakahaeretanga DAO. Ka taea e ngā māngai AI te whakarāpopoto i ngā tono roa, te tātari i ngā pānga mōrearea, te whakatauira i ngā putanga, me te tuhi anō i ngā tono whakahē. Kei te tūhura ētahi kaupapa i ngā māngai AI e pōti ana i runga i ngā mātāpono kua whakahuahia e te kaipupuri tohu, e whakaiti ana i te taumaha o te arotake i ia tono ā-ringa. He tawhiti noa te whakahaeretanga AI motuhake katoa, ā, he whakamātau tonu ēnei taputapu, engari ka taea e rātou te whakaiti i te mahi e hiahiatia ana ki te whai i te whakahaeretanga.
Ngā Pātai Auau
He aha te DAO i ngā kupu māmā?
Me pēhea au e whakauru ai ki tētahi DAO?
He tika ngā DAO?
Ka taea te whakakā i ngā DAO?
He aha te rerekētanga i waenga i tētahi DAO me tētahi kamupene auau?
Me pōti au i ia tono?
Haere tonu ki te ako
Tirohia ētahi aratohu anō mō ngā tikanga DeFi me te kāwanatanga motuhake.
Balancer Aratohu
Ako mō ngā pūnaha taumaha a Balancer's, te kāwanatanga veBAL, me te āhua e whakahaere ai tōna DAO i tētahi o ngā AMM tino ngawari o DeFi's.
Pānui AratohuCowSwap Aratohu
Tirohia te āhua e kawea ai e CowSwap's ngā hokohoko rōpū me te whakataetae pūrere ki te tiaki MEV, i raro i te kāwanatanga a CowDAO.
Pānui AratohuHe aha te APY i roto i te Crypto?
Mārama ki te āhua e mahi ai te APY i DeFi, te kaha o te whakakotahi rā i ia rā, me te āhua e whakataurite ai i ngā whai wāhitanga hua.
Pānui AratohuWhakakotahitia tō mātauranga DeFi ki te mahi
Now that you understand how DAOs govern DeFi, put your USDC to work. Earn 7.50% APY on USDC with Coinstancy Dollar Savings. Interest accrues every second and is automatically reinvested. No lock-up, withdraw anytime.
Tīmata te whiwhi moni i te CoinstancyNgā puna me ngā pānuitanga atu anō
Ka whakawhirinaki ngā tatauranga me ngā kerēme o tēnei whārangi ki ngā tuhinga kei raro nei. Ka neke ngā tatauranga pā ki te wā (reiti, hua, utu, raraunga mākete): tirohia te uara ora i te puna i mua i te mahi.
- ethereum.org, Ngā whakahaere motuhake whakawhitiwhiti (DAOs)ethereum.org
Te whakamāramatanga o tētahi DAO, ngā tauira whakahaere me ngā tauira e whakamahia ana i tēnei aratohu.
- ethereum.org, History of Ethereumethereum.org
Te whakaekenga o te tau 2016 ki The DAO (tata ki te 3.6 miriona ETH i whakapaua) me te wehenga i puta mai.
- OpenZeppelin Contracts, Governancedocs.openzeppelin.com
The Governor framework: proposals, voting, quorum and timelock execution.
- Snapshot documentationdocs.snapshot.box
Off-chain, gasless voting with signed messages and block-based token snapshots.
- Uniswap documentation, Governancedocs.uniswap.org
Uniswap governance process, delegation and the protocol fee switch.
- Wyoming Legislature, SF0038 (2021), DAO Supplementwyoleg.gov
Te ture tuatahi o tētahi whenua o Amerika e whakaae ana ki tētahi DAO ki te whakarite hei kamupene herenga iti.
I arotakea whakamutunga: Mahuru 2026. Ka whakatuwheratia ngā hononga o waho ki tētahi tihopa hou; kāore a Coinstancy e whai kawenga mō ō rātou ihirangi.
Kua rite ki te whiwhi i tō USDC?
Kia mārama ki ngā DAO, whai wāhi ki te whakahaere, ā, whakatipuhia ō stablecoin ki te Coinstancy Dollar Savings, 7.50% APY i runga i te USDC.