About
The DAO was a decentralized autonomous organization and a form of investor- directed venture capital fund. Its aim was to use the ETH it controlled to support projects that would provide a return on investment or benefit to the DAO and its members, as well as benefit the decentralized ecosystem as a whole. On April , , The DAO launched one of the largest crowdfunding campaigns in history, raising over $ million from more than , enthusiastic members. On June , , a hacker found a loophole in the coding that allowed them to drain funds from The DAO. In the attack, . million ETH were stolen, the equivalent of $ million at the time. The Ethereum community controversially decided to hard-fork the Ethereum blockchain to restore approximately all funds to the original contract, which split the Ethereum blockchain into two branches, each with its own cryptocurrency, where the original unforked blockchain continued as Ethereum Classic. Tags: DAO Investment DAO Ecosystem(): Ethereum Founded:
History
The DAO Hack
$50.00M
Founded
Recent News
1inch announces the launch of the DAO Aqua yield flow incubator
Across Protocol plans to dissolve the DAO and transition to a private company, offering token holders equity or USDC exit options
Aave expands to Mantle — even as the DAO prepares to shut down low-revenue chains
Lightchain AI Santa is Coming to Town with the DAO Beta Release This January
How The DAO Hack Changed Blockchain Security
Aragon Announces New Foundation to Help Steer the DAO Management Project
