A DAO is a blockchain structure (think of it as a secure database) that anyone can leverage to self-govern through participation, authored by rules, baked into code, and permitting voting through digital tokens (think cryptocurrency) — all while leveraging smart contracts. What does this mean? A DAO is a newer legal structure that humans (for now) create with a stated purpose and a plan to execute decisions via code.
RoboFi crypto trading bots, also known as decentralized autonomous organizations (DAOs), are a type of Decentralized Autonomous Organizations (DAOs) that is powered by smart contracts. Participants in a DABot can be either stakeholders or governance users.
Decentralized finance (DeFi) applications are among the most popular for managing DeFi apps. Compared to real-world examples, DAOs are similar to venture capital funds, but they operate in a more decentralized manner, without a traditional management structure or board of directors.