Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) DAOs, or decentralized autonomous organizations, are a lot like startups. They fund a team that builds a product that people use. Usually, that product generates revenue as it charges the people who use it. Like startups, they also can seek outside funding if the product is good and gaining traction but not quite strong enough to stand on its own. If sustainability isn’t the goal, then continued, upward growt ...
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