🧬 | DAO

DAO stands for "decentralized autonomous organization". The idea is that a community of people work together on an equal footing via a decentralized consensus towards a common goal.

• It sets the direction of where to go in the future with the product

• While the portfolios and strategies generate revenue, the DAO decides what to do with it and how to distribute it

While DAOs empower users and provide resilience, they also slow down progress and decisions. It's key to balance rapid development and resilience in order to ensure the best conditions for a certain product at a certain time of the product cycle.

Brokkr DAO starts as a multisig wallet but will gradually head to a more decentralized organization.