DAO governance refers to a system where decisions for a Decentralized Autonomous Organization (DAO) are made collectively by its members. Unlike traditional organizations, DAOs operate on blockchain technology, allowing for transparency and automation in decision-making processes.Members typically hold governance tokens that give them voting rights. These tokens allow individuals to propose changes, vote on initiatives, and influence the direction of the DAO. The structure encourages participation, as everyone has a say in how resources are allocated and projects are managed.Key aspects include the ability to create proposals, set voting mechanisms, and establish rules or guidelines for interaction. This democratic approach aims to minimize the influence of centralized authority, enabling a more equitable distribution of power among members.DAO governance can cover various functions, such as funding decisions, project developments, and policy changes. Overall, it fosters a collaborative environment where stakeholders contribute directly to the organization’s objectives and success.