Encyclopedia
DAO Legal Wrapper: Definition and Structures Used by Crypto Organisations
Definition
A DAO legal wrapper is a recognised legal entity that provides a decentralised autonomous organisation with legal personality — the capacity to own …
Quadratic Voting: Definition, Mechanism and DAO Applications
Definition
Quadratic voting (QV) is a governance mechanism in which the cost of casting multiple votes on a single proposal increases quadratically with the …
Token Voting: Definition and How On-Chain Governance Works
Definition
Token voting is the dominant governance mechanism used by decentralised autonomous organisations (DAOs). In its basic form, holders of a designated …
What Is a DAO? Definition, Structure, and How Decentralised Autonomous Organisations Work
Definition
A decentralised autonomous organisation (DAO) is an internet-native organisation governed by rules encoded in smart contracts on a public blockchain. …
What Is a Multi-Sig Wallet? Definition, How It Works, and Role in DAO Treasury Security
Definition
A multi-signature (multi-sig) wallet is a smart contract wallet that requires multiple authorised signers to approve a transaction before it can be …
What Is a Timelock? Definition, How Timelocks Protect DAO Governance, and Implementation Patterns
Definition
A timelock is a smart contract mechanism that imposes a mandatory delay between the approval of a governance proposal and its execution. When a …
What Is Snapshot Voting? Definition, How It Works, and Why DAOs Use Off-Chain Governance
Definition
Snapshot is an off-chain governance platform that allows DAO members to vote on proposals without paying blockchain transaction (gas) fees. Votes are …
Governance Token: Definition, Mechanics, and Regulatory Treatment
Governance Token
A governance token is a cryptographic token that confers voting rights in the governance of a decentralised protocol, DAO, or blockchain …
Multisig (Multi-Signature) Wallet: Definition and DAO Applications
Multisig (Multi-Signature) Wallet
A multisig wallet — short for multi-signature wallet — is a cryptocurrency wallet that requires a minimum number of …