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We empirically study the state of three prominent DAO governance systems on the Ethereum blockchain: Compound, Uniswap and ENS. In particular, we examine how the voting power is distributed in these systems. Using a comprehensive dataset of…

Computers and Society · Computer Science 2022-04-05 Robin Fritsch , Marino Müller , Roger Wattenhofer

Decentralized Autonomous Organizations (DAOs) have emerged as a novel governance mechanism in blockchain ecosystems, particularly within Decentralized Finance (DeFi). By enabling token holders to propose and vote on protocol changes, these…

Cryptography and Security · Computer Science 2025-07-22 Johnnatan Messias , Vabuk Pahari , Balakrishnan Chandrasekaran , Krishna P. Gummadi , Patrick Loiseau

Decentralized Autonomous Organizations (DAOs), based on block-chain systems such as Ethereum, are emerging governance protocols that enable decentralized community management without a central authority. For instance, UniswapDAO allows…

Cryptography and Security · Computer Science 2024-10-30 Neil Shah

A decentralized autonomous organization (DAO) is a governing entity that empowers its stakeholders (i.e., users who hold one or more of its tokens) to manage blockchain-based protocols (i.e., smart contracts) collaboratively. The governance…

Cryptography and Security · Computer Science 2026-04-30 Vabuk Pahari , Balakrishnan Chandrasekaran , Johnnatan Messias , Krishna P. Gummadi , Abhisek Dash

Voting is the primary mechanism through which Decentralised Autonomous Organisations (DAO) reach decisions. Although transparent, the voting process can be complex: it can involve many interacting smart contracts. The nexus of the…

Cryptography and Security · Computer Science 2026-03-03 Thomas Lloyd , Daire Ó Broin , Martin Harrigan

Decentralized Autonomous Organizations (DAOs) resemble early online communities, particularly those centered around open-source projects, and present a potential empirical framework for complex social-computing systems by encoding…

Social and Information Networks · Computer Science 2024-10-18 Tanusree Sharma , Yujin Potter , Kornrapat Pongmala , Henry Wang , Andrew Miller , Dawn Song , Yang Wang

We present a study analyzing the voting behavior of contributors, or vested users, in Decentralized Autonomous Organizations (DAOs). We evaluate their involvement in decision-making processes, discovering that in at least 7.54% of all DAOs,…

Social and Information Networks · Computer Science 2025-03-18 Stefan Kitzler , Stefano Balietti , Pietro Saggese , Bernhard Haslhofer , Markus Strohmaier

Decentralized Autonomous Organization (DAO) provides a decentralized governance solution through blockchain, where decision-making process relies on on-chain voting and follows majority rule. This paper focuses on MakerDAO, and we find…

Social and Information Networks · Computer Science 2023-06-21 Xiaotong Sun , Xi Chen , Charalampos Stasinakis , Georgios Sermpinis

Decentralized Autonomous Organizations (DAOs), utilizing blockchain technology to enable collective governance, are a promising innovation. This research addresses the ongoing query in blockchain governance: How can DAOs optimize human…

General Economics · Economics 2025-08-11 Yulin Liu , Luyao Zhang

Decentralized Autonomous Organizations (DAOs) run protocol governance by letting token holders vote on proposals. The dominant rule, voting power proportional to wallet balance, concentrates control among a small number of large holders,…

Computer Science and Game Theory · Computer Science 2026-05-20 Austin Bennett , Preston Vander Vos , Duc V. Le , Mira Belenkiy

Decentralized Autonomous Organizations (DAOs) have emerged as a novel way to coordinate a group of (pseudonymous) entities towards a shared vision (e.g., promoting sustainability), utilizing self-executing smart contracts on blockchains to…

Computers and Society · Computer Science 2023-04-20 Tanusree Sharma , Yujin Kwon , Kornrapat Pongmala , Henry Wang , Andrew Miller , Dawn Song , Yang Wang

Decentralized autonomous organizations (DAOs) are a recent innovation in organizational structures, which are already widely used in the blockchain ecosystem. We empirically study the on-chain governance systems of 21 DAOs and open source…

Computers and Society · Computer Science 2023-03-01 Rainer Feichtinger , Robin Fritsch , Yann Vonlanthen , Roger Wattenhofer

Decentralized Autonomous Organizations (DAOs) use smart contracts to foster communities working toward common goals. Existing definitions of decentralization, however-the 'D' in DAO-fall short of capturing key properties characteristic of…

Cryptography and Security · Computer Science 2023-11-08 James Austgen , Andrés Fábrega , Sarah Allen , Kushal Babel , Mahimna Kelkar , Ari Juels

In the high-stakes race to develop more scalable blockchains, some platforms (Binance, Cosmos, EOS, TRON, etc.) have adopted committee-based consensus (CBC) protocols, whereby the blockchain's record-keeping rights are entrusted to a…

Cryptography and Security · Computer Science 2022-12-02 Alon Benhaim , Brett Hemenway Falk , Gerry Tsoukalas

Delegated-Proof-of-Stake (DPoS) blockchains, such as EOSIO, Steem and TRON, are governed by a committee of block producers elected via a coin-based voting system. We recently witnessed the first de facto blockchain takeover that happened…

Cryptography and Security · Computer Science 2023-10-31 Chao Li , Balaji Palanisamy , Runhua Xu , Li Duan , Jiqiang Liu , Wei Wang

Since 2004, different research was handling the challenges in the centralized voting systems, e-voting protocols and recently the decentralized voting. So electronic voting puts forward some difficulties regarding the voter anonymity, the…

Computers and Society · Computer Science 2018-03-01 Nazim Faour

Decentralized autonomous organizations (DAOs) rely on governance mechanism without centralized leadership. This paper presents an empirical study of user behavior in governance for a variety of DAOs, ranging from DeFi to gaming, using the…

Networking and Internet Architecture · Computer Science 2025-07-29 Burak Arda Okutan , Stefan Schmid , Yvonne-Anne Pignolet

This paper investigates which alternative benefits from vote delegation in binary collective decisions within blockchains. We begin by examining two extreme cases of voting weight distributions: Equal-Weight (EW), where each voter has equal…

Computer Science and Game Theory · Computer Science 2025-07-30 Hans Gersbach , Manvir Schneider , Parnian Shahkar

Designed for commercial decentralized applications (DApps), EOSIO is a Delegated Proof-of-Stake (DPoS) based blockchain system. It has overcome some shortages of the traditional blockchain systems like Bitcoin and Ethereum with its…

Social and Information Networks · Computer Science 2022-01-20 Yijing Zhao , Jieli Liu , Qing Han , Weilin Zheng , Jiajing Wu

A trusted electronic election system requires that all the involved information must go public, that is, it focuses not only on transparency but also privacy issues. In other words, each ballot should be counted anonymously, correctly, and…

Cryptography and Security · Computer Science 2018-04-19 Wei-Jr Lai Ja-Ling Wu
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