Open DeFi’s New DAO Project Will Support the DeFi Ecosystem
A new project by Open DeFi is going to be an autonomous organization that will be managed with the help of the governance tokens. It will become an instrument to create an open and transparent DeFi ecosystem.
Open DeFi is the alliance that was formed back in 2020 to connect Western and Eastern DeFi directions. Their DAO is going to implement multi-chain apps and products like NFTs and data tokens. It is focused on the community principles of functioning that are going to change the DeFi sector for the better.
DAOs became a thing in the last six months, with the impressive growth of their capitalization from $140 millions to around $1 billion within this period. According to DeepDAO, there are about 108 DAOs at the moment, and this field keeps growing.