Decentralized Autonomous Organizations or DAOs have become one of the significant innovations in the blockchain ecosystem recently.
- DAOs have provided secure and productive platforms, where different entities involved share the same goal. The most Decentralized autonomous organizations have offered productive and secure platforms for working with people sharing the same interests worldwide.
Which makes DAOs an internet business that has collective ownership and the authority of the members. The Blockchain ecosystem has seen the explosive growth of DAOs in the recent few years. Some DAOs have raised significant profit in a very short time. So, everyone seems to be quite interested in them. The different DAOs work on their cryptos.
And here, this guide will explore the list of crypto DAOs that work in the real world in the blockchain ecosystem.
- Pleasr DAO
- Uniswap DAO
- Ape DAO
- Curve DAO
- Ready Player DAO
- Flamingo DAO
- Aave DAO
- Olympus DAO
- Lido DAO
- Dash DAO
- DeXe DAO
- Argon DAO
- Kruse House DAO
- Klima DAO
- ENS DAO
- Bankless DAO
- Compound DAO
- Radicle DAO
- Inverse Finance
PleasrDAO is a decentralized autonomous organization with multiple signatures (DAO). It was established to allow investors to pool their amount to buy high-value non-fungible tokens (NFTs). As NFTs become more popular, there is a corresponding increase in the supply of shared digital art ownership. The group is generally formed to purchase Pleasr’s Uniswap V3 NFT. However, PleasrDAO has made crypto and mainstream headlines for purchasing both this artwork, such as the Edward Snowden NFT. It uses the PEEP token.
Uniswap increases productivity by acknowledging liquidity problems with robotized arrangements, avoiding the issues that plagued the primary decentralized trades.
Now, it creates and distributes its administration token, UNI, to previous convention attendees. This increases both productive capacity and the ability for clients to shape the company’s future — an appealing aspect of decentralized elements.
3. Ape DAO
Kylo.eth, an NFT collector, founded Ape DAO, an NFT Decentralized Autonomous Organization. In essence, in June 2021, they have fractionalized several NFTs into 1,000,000 APED tokens. which is the official token of this DAO. The tokens have just more power than any other token on the blockchain as they can represent the DAO voting rights.
4. Curve DAO
Curve launched the decentralized autonomous organization (DAO) with $CRV as its internal token. The DAO connects smart contracts used for users’ deposited liquidity using Aragon, an Ethereum-based creation tool. Governance, on the other hand, differs from Aragon in terms of weighting and other factors.
Curve DAO token offers decentralized exchange for stable crypto coins that manage liquidity through an automated market maker. The curve has become synonymous with the decentralized finance (Defi) phenomenon, with substantial growth in the second quarter of 2020.
Ready Player DAO, founded by a group of gaming geeks and metaverse adventurers, is a decentralized autonomous organization dedicated to leveraging the collective strength of play to create equity for all. The mission of the DAO is to equalize the community with the studios by making P2E the dominant gaming model.
6. Flamingo DAO
Flamingo is an NFT-focused DAO that seeks to investigate opportunities to invest in ownable, blockchain-based assets. And it uses the token name $FLM.
Game creators, metaverse makers or peoples, and Defi at large, NFTs evolve and ascribe value to the Flamingo DAO.
Flamingo intends to support, acquire, archive, obtain, and potentially tokenize critical components of this ecosystem making it one of the most honorable mentions on the DAO crypto list.
Flamingo’s purpose is to assist this community. Flamingo functions as a “hive mind” to assist the best individuals, developments, and groups in building the emerging metaverse.
Aave is a Defi protocol with a dynamic governance system. It allows users to actively contribute to the development and management of crypto ecosystems. It has made this possible with the introduction of $AAVE tokens, which allowed AAVE users to distribute voting power. As a user participates in the project’s governance by wanting to hold AAVE tokens.
OlympusDAO is a decentralized reserve currency protocol to become the potential Store of Value Standard. OlympusDAO’s token,$OHM, supports both staking and bonding for APY bonuses and passive income inside the Defi community. Through asset backing, Olympus introduces different political and economic, and game-theory dynamics in the cryptocurrency market. It has become one of the few protocols that own 99 percent of its liquidity for sustainable and healthy growth.
BitDAO is one of the most significant decentralized autonomous organizations (DAOs). It makes use of the $Bit token, which includes proposal and voting power. The DAO aims to become a decentralized tokenized economy for everyone. It is a protocol run by BIT token holders.
BitDAO will invest in the Defi ecosystem by creating BitDAO Defi products and assisting Defi collaborators and projects. They can provide funds to BitDAO contributors for purposes for example the creation of a custom governance subsystem, community management initiatives, or the establishment of a future BitDAO foundation. The project works to support these initiatives such that the rest of the public can benefit.
BalancerDAO is an Ethereum-based automatic vehicle market maker (AMM) protocol. AMMs are rate-setting transactions that use code to perform calculations. They are essentially self-contained money machines. The protocol’s governance token is $BAL.
Balancer allows liquidity providers to allocate capital efficiency based on specific use cases making it an obvious entry on the crypto DAO list. One social governance token that spreads its pool across four more honorable and common assets reduces the risk of momentary loss in their liquidity pool significantly.
11. Lido DAO
Lido is a decentralized platform that provides Ethereum 2.0, Terra, Solana, and Kusam staking services. Lido DAO is a decentralized autonomous organization that manages the liquid scoping protocol by deciding important parameters (such as fee setting, allocating node technicians and oracles, and so on) through voting rights of governance token holders.
However, the DAO will collect service fees and use them to fund insurance, investigations, development, and security policy upgrades.
12. Dash DAO
The Dash DAO, or Decentralized Autonomous Organization, generates a permissionless, decentralized network in which anyone in the world can participate. As a result, there is no DAO leader, with over 5,000 anonymous master nodes distributed around the world. The rise of Ethereum’s DAO is surely exciting. However, the prospect of having run a decentralized autonomous organization is already old news for Dash.
13. DeXe DAO
DeXe Network, or DeXe, provides a fully decentralized social trading platform, as well as a bitcoin asset portfolio atmosphere and novel Defi trading tools. Its ERC-20 DEXE token rules the Defi social trading application via the DeXe DAO, or decentralized autonomous organization, which runs on Ethereum. The DeXe crypto ecosystem, which benefits professional traders, apps, and newbie Defi traders alike, has the forefront of decentralized social trading, offering cutting-edge trading resources.
14. Argon DAO
Aragon is one of the most prosperous entries on the list of DAOs crypto. The Aragon project has its name after an autonomous region in Spain that once had a completely stateless form of governance for about 6 years in the 1930s. Aragon is attempting to recreate this type of cohesive and functional community governance through the use of cryptocurrency. It uses the token $ANT.
The Argon was founded in 2016 and has become one of the most successful DAOs of all time.
15. Kruse House DAO
Krause House is a DAO run by the community of Basketball Fans And Purists. They will write the general agreement regulations that will bring the NBA’s first fan-governed team. The Underlying Mission of DAOs in its purest form is The Combination Of Ambitious Factors that contribute to Whose Goal Is To Own An NBA Team. Difficult for one, but doable for many. DAOs win championships, not players. Be a part of the movement that will forever change sports. Begin here to learn further about your lofty vision and how you intend to achieve it.
16. Klima DAO
KlimaDAO is a modern form of the new green economy. KlimaDAO is built on the energy-efficient Polygon network. It employs a suite of technological solutions, and business fragmentation and speeds up the delivery of finance to sustainability initiatives worldwide. The DAO is in charge of selling bonds and distributing rewards to KLIMA holders. Every bond we sell contributes to a growing green treasury or improves liquidity for critical environmental assets. A win-win situation for both people and the environment.
MakerDAO is a peer-to-peer or decentralized organization that aims to develop technology to facilitate savings, borrowing, and lending functions, as well as a stable cryptocurrency on the Ethereum blockchain network. Anyone with ETH (Ether) and then a Metamask wallet can participate in borrowing and lending through the MakerDAO crypto protocol. It also works to reduce the variability of DAI, its secure token, in comparison to the US dollar, with MKR token holders governing DAI. DAI, like Tether, is a stable token. This implies that this is a cryptocurrency with a stable price of about the US dollar. The DAI Stablecoin System is a decentralized platform that generates DAI on the Ethereum blockchain which helps in making it possible for everyone to hold the money that will maintain its power.
18. ENS DAO
ENS aspires to be the decentralized internet’s naming protocol by developing portable Web 3.0 usernames that are fully compatible across all blockchain systems and decentralized apps.
The ENS aims to simplify the crypto and decentralized finance space by allowing users to create a widespread nickname for all of their public addresses and decentralized websites. Instead of an impossible-to-read string of keys at each crypto address, Each single ENS domain, such as “Rick.eth,” can receive any type of crypto or NFT.
19. Bankless DAO
The DAO is a decentralized community dedicated to coordinating and spreading bankless media, society, and education. Its goal is to raise awareness and adoption of genuinely bankless money systems such as Ethereum, Defi, and Bitcoin. It succeeds through the community’s collective participation. The DAO goals on truly bankless money systems such as Ethereum, Defi, and Bitcoin. The developers of the DAO believe that with the discovery of Ethereum and the resulting crypto-money system, banks have become an obsolete model for modern money management, and blockchains will take their place quite efficiently. As a result, entities have to rely less on central banks and other financial institutions.
20. Compound DAO
Compound’s goal is to build a financial infrastructure on which applications and devs can rely indefinitely. To get there, Compound intends to fully decentralize the Compound protocol, removing the biggest single point of failure and creating an unbreakable, open protocol capable of evolving in entirely new directions. In the compound DAO, there are two types of tokens: cTokens, which are supply tokens, and COMP tokens, which are governance tokens.
21. Radicle DAO
The Radicle DAO is made up of RAD investors who manage the Ethereum-based smart contract system on the ecosystem. You can join the DAO by recruiting and maintaining RAD. In exchange, holders can vote on management proposals that govern the protocol’s smart contracts and the Radicle Treasury to hold the majority of the RAD supply. Radicle users have the option of integrating Ethereum and incurring fees because once to use some of their smart contracts. Radicle DAO is in charge of the Ethereum protocol integration and on-chain treasury. The first Radicle DAO decision was made in February 2021, allowing the community to use a Balancing Liquidity Bootstrap to allocate 3.75 percent of the RAD supply.
22. Inverse Finance
Inverse Finance is a borrowing and lending protocol for decentralized finance (Defi). Its stablecoins have also received attention from the platform. Inverse Finance also claims that it can provide cryptocurrency holders with passive income. The main Defi protocol just on Inverse Finance DAO is Frontier, which also uses a stablecoin to facilitate lending and borrowing. INV, the native token for Inverse Finance, has shown a strong bullish trend over the last week. According to CoinGecko, INV has increased by approximately 38% in just a short time. Given that the crypto space has either conformed or dropped further below during the same period, INV’s gains are commendable.
This is the list of most prominent DAOs that have a good market cap along with potential entities. The DAO works on the five types such as protocol DAO, Philanthropy DAOs, Collector DAO, Investment DAO, and Grant DAO.
Best DAO Tokens In 2022
- Decentraland DAO
- Mirror DAO
- Friends With Benefits DAO