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Decentralized autonomous organizations (DAOs) have become the most common governance model for blockchain networks and apps. The DAO model allows a web3 project to run its governance processes in a transparent and clearly defined manner. However, a typical DAO often suffers from drawbacks and inefficiencies, such as limited decentralized treasury management tools, overdependence on a small number of powerful stakeholders, poorly designed incentives and a lack of active involvement from eligible members.
DeXe Protocol (DEXE) is a decentralized platform that addresses these challenges by offering a set of tools that web3 projects can use to create highly customized DAOs. It allows developers to easily launch DAOs on a variety of blockchains, specifying conditions for treasury funds management, proposal evaluation processes, governance token launches, validator appointments, voting delegation and many more parameters. The protocol even supports the development of multi-DAO models, with a hierarchy of sub-DAOs and “mother DAOs” interacting with each other. In short, the DeXe network offers web3 projects everything necessary to launch the most sophisticated varieties of DAOs.
Key Takeaways:
DeXe is a decentralized protocol that provides tools for web3 projects to launch their own highly customizable DAOs.
Using the DeXe DAO Studio, project operators can design and deploy their DAOs without any coding required.
The platform's native cryptocurrency, DEXE, is used for governance, reward payments, protocol fee payments and treasury fund allocations. DEXE can be bought on Bybit as a USDT Perpetual contract.