DAO stands for Decentralized Autonomous Organisation. It is an automated organization that aims to allow everyone to govern a protocol, either by voting or by proposing initiatives. A DAO works thanks to smart contracts that govern the rules of governance, which are immutable and transparent on the blockchain (99% of the time on ethereum). To understand how it works and its usefulness, we will take the example of MakerDAO, a protocol that allows you to borrow $DAI, the decentralized stablecoi...