Governance Terms
DAO
A Decentralized Autonomous Organization (DAO) is a member-owned entity governed by smart contracts and token-based voting rather than central leadership.
Multisig Wallet
A wallet requiring multiple keyholders to sign before any transaction executes.
Off-Chain Governance
Governance conducted outside the blockchain through social consensus or snapshot votes.
On-Chain Governance
Protocol changes proposed and voted on via smart contracts with automatic execution.
Quorum
Minimum participation threshold for a governance vote to be considered valid.
Retroactive Funding
A grants model rewarding contributors after they have already delivered value.
Snapshot Voting
Off-chain gasless voting measuring token balances at a specific block height.
Timelock
A smart contract delaying execution of approved changes by a mandatory waiting period.
Treasury
A protocol-controlled fund used to pay contributors, fund development, or provide liquidity.