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The 60-second version
Standard Explanation
A (Decentralized Autonomous Organization) is a coordination structure where rules, funds, and decisions are managed by smart contracts and token-holder votes rather than by a traditional corporate hierarchy. The promise is programmable, transparent, borderless coordination; the reality is a stack of governance experiments — many powerful, some captured or abandoned. This unit covers how DAOs work, the voting designs in use, the treasury model, and the attacks that have defined the space.