DAOs and governance: key words

A group that makes decisions through proposals and votes, with its rules and treasury held in smart contracts. Source

A token that gives its holder voting power in a DAO, usually in proportion to how many tokens they hold. Source

A set of actions, such as a payment from the treasury, that a DAO's Governor contract carries out if the vote passes. Source

The voting power an account needs before it can submit a proposal. Source

The least voting power that must take part for a vote to count. DAOs differ on which votes count toward it. Source

The share of votes in favour that a proposal needs to pass, such as a simple majority or two-thirds. Source

Assigning your tokens' voting power to another address, or to your own, without moving the tokens. Source

An address that votes with the voting power that token holders have assigned to it. Source

The time between a proposal being submitted and voting starting. Voting power is fixed when it ends. Source

How long a proposal stays open for votes. Source

A contract that makes a passed proposal wait a set time before it runs, so users can react or leave. Source

A record of balances at a set point, so that tokens bought, borrowed or moved later can't vote on that proposal. Source

Voting by signed messages outside the blockchain, with no gas fees. It doesn't move funds by itself. Source

An early, non-binding poll, often on Snapshot, to see whether a proposal has support. Source

A loan of tokens that is borrowed and paid back within a single transaction. Source

A Wyoming limited liability company whose articles say it is a decentralized autonomous organization. Source