The BanklessDAO Glossary | Ambitious Primary Care Learning

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A list of interesting terms and DAO words. You don't have to do anything in order to complete this step, just feel free to check around and catch up with our lingo. You will not be made to feel like an outsider if you don't speak English or our lingo though, so don't worry about any kind of consequences. bDAO's education guild is actually comprised of a healthy share of Asians, Europeans, and Americans!

Browse the glossary using this index

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D

DAO

Decentralized Autonomous Organisation

Sometimes called a decentralized autonomous corporation, is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government.

DEFI

Decentralized Finance

Decentralized finance offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks. Instead, it uses smart contracts on a blockchain

DYOR

Do Your Own Research