3min chapter

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How to Start a DAO in the DeFi Space - Building 1inch Network

Level-up Engineering

CHAPTER

How to Start a Decentralized Autonomous Organization

A DAO, it's a decentralized autonomous organization. We tried to eliminate this thing where a lot of people need to discuss a lot and need to came to something. This was like step one for us. And the second step was to introduce kind of treasury. It's a multi-sick wallet and it's owned by all, but the whole community,. By the DAO, distro lesser businesses. In this treasury, we collected all the money from the revenue stream which we have on one inch. So I don't get it in my pocket, not my compound, but not the whole team. Everyone can join. Or teams can join or be kind of separated and build something

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