Today let’s talk about the biggest DAO projects by market cap and what makes them so valuable. First of all, what is a DAO? Basically, a DAO is an organization that offers the possibility for a group of people to act upon the same goal but without a board of directors or “boss” in charge.

For this, members make proposals, and following their vote, the decision is taken automatically by smart contracts without any user interference. This way, everything is done decentralized and transparently with every change easy to see by anybody.

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The main topics of the video are:

▶ UniSwap
▶ ApeCoin
▶ AAVE
▶ Maker DAO
▶ Dash

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🟡 UniSwap
The first DAO we’ll talk about is, of course, UniSwap. In only four years, it managed to become one of the most powerful and popular decentralized exchanges in the world of crypto.

It was created to allow transactions between users risk-free and, most importantly, without a central authority asking for verification, regardless of the transacted amount.

🟡 ApeCoin
The second DAO we’re looking at is ApeCoin. To better understand it, we must first look at the Bored Ape NFT collection. Everything began when its creators, Yuga Labs, confirmed the airdrop for the APE token for all users who had at least a Bored Ape NFT.

For every NFT owned, they received 10,094 APE tokens that, currently, have a cumulative worth of $190,000. If you want to find out more about the launch, we have a video about it.

🟡 AAVE
Our next DAO, AAVE, can be seen as a decentralized bank since it is based strictly on loans, deposits, and exchanging tokens but You can also choose to stake them.

Compared to a traditional bank, AAVE doesn’t require a KYC process as in the personal data of the user.

Just like UniSwap, here you can also find liquidity pools, but those who add their tokens to pools also earn and that is thanks to flash loans.

🟡 Maker DAO
Ever since the creation of the DeFi space, one project always had an important role - Maker DAO. Currently, it stands out for having the highest value locked in by investors - more than $14 billion.

These locked tokens are used to generate the DAI stablecoins. Compared to a traditional bank where you have to meet several requirements in order to get a loan, here, that trust comes from the stored token.

🟡 Dash
The last DAO will talk about is Dash. It is one of the oldest projects as it was inaugurated in 2014.

It works using the same consensus mechanism as Bitcoin aka Proof of Work and there is a limited number of cryptocurrencies that can be created - 18.9 million.

But there are some advantages over Bitcoin. The first one is that the block is formed in 2.5 minutes compared to 10 for Bitcoin. The second one is InstantSend, a characteristic through which transactions go over the mining process, Proof of Work, and reach master nodes that process them quickly.

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CHAPTERS –

0:00 Intro
0:38 UniSwap
1:37 ApeCoin
2:22 AAVE
3:11 Maker DAO
4:04 Dash
5:00 Conclusions
5:12 Outro

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⛓️ 🔗 Useful Links 🔗⛓️
► https://www.investopedia.com/tech/wha...
► https://uniswap.org/
► https://apecoin.com/
► https://aave.com/
► https://makerdao.com/en/
► https://www.dash.org/
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