Which digital currencies are most closely associated with DAO?

3 answers

• Dec 18, 2021 · 3 years ago
  Sure! When it comes to digital currencies closely associated with DAO, Ethereum (ETH) is the most prominent one. As the platform on which DAOs are primarily built, Ethereum is the go-to choice for most DAO projects. Other digital currencies that are commonly used within the DAO ecosystem include Maker (MKR), Aave (AAVE), and Compound (COMP). These cryptocurrencies often play a crucial role in governance, lending, and borrowing within DAOs.
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• Dec 18, 2021 · 3 years ago
  Well, if you're talking about digital currencies that have a strong connection with DAO, you can't ignore Ethereum (ETH). It's like the backbone of the DAO ecosystem. Ethereum's smart contract capabilities make it the perfect platform for creating and managing DAOs. Apart from Ethereum, other cryptocurrencies like Maker (MKR), Aave (AAVE), and Compound (COMP) are also commonly associated with DAOs. These tokens often serve as governance tokens or are used for lending and borrowing purposes within DAOs.
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• Dec 18, 2021 · 3 years ago
  When it comes to digital currencies closely associated with DAO, Ethereum (ETH) is the undisputed leader. Being the most widely used blockchain for creating and operating DAOs, Ethereum has established itself as the go-to platform for decentralized governance. In addition to Ethereum, other cryptocurrencies like Maker (MKR), Aave (AAVE), and Compound (COMP) are also commonly used within the DAO ecosystem. These tokens often hold significant value and play a crucial role in shaping the decision-making processes of DAOs.
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