5 best Ethereum DAO apps to try right now – CaptainAltcoin

Ethereum is the second largest blockchain, right after Bitcoin. Throughout its evolution, Ethereum has seen many changes regarding energy efficiency, and it has yet to be improved with the users’ help. But as the blockchain has evolved, we’ve witnessed the creation of many significant projects, like NFTs, DeFi applications and DAO (decentralized autonomous organizations).

These applications allow users to get the most out of Ethereum’s smart-contract capabilities and create much more, which is why we’ll talk about some of the best DAO applications you should try now.

Image source: https://www.pexels.com/photo/a-stack-of-ethereum-coins-8185629/ 

What exactly are DAOs?

Decentralized autonomous organizations are needed in the Ethereum blockchain because it would be hard to trust if you want to create a group with someone on the internet. But through the DAO’s code, everything is transparent and verifiable by everyone in the organization. There are a few examples of how you could use a DAO:

• To form a charity where you can accept memberships and donations;
• To create a freelance network of contractors who pool their funds for software subscriptions;
• To create a venture fund that pools investment capital;

If you’re wondering why to choose a DAO instead of a traditional organization, there are a few benefits to consider:

• They’re fully democratized;
• Members require voting;
• The votes are tallied;
• The services offered are handled automatically in a decentralized manner;
• All activity is transparent and fully public.

Curve

Curve DAO provides a governance structure for Curve Finance, the decentralized exchange for stablecoins. This exchange liquidity pool on Ethereum is designed for efficiently trading coins and low-risk fee income for liquidity providers. It has been audited by Trail of Bits, meaning that it has almost free vulnerabilities, although it’s still not recommended to supply your life savings to Curve earnings.

Want to know more about the Ethereum blockchain? You can start by checking the Ethereum price, which usually fluctuates…