A DAO’s governance model is the system by which it makes decisions. This could be as simple as a democratic vote or as complex as a multi-stage decision-making process involving input from various stakeholders.
A few key things to remember regarding DAO governance models:
- First, the governance model should be designed to reflect the organization’s values and goals.
- Ensuring that everyone with a stake in the DAO has a say in its run is important.
- The governance model should be fair and transparent so everyone knows what’s going on and why decisions are being made.