DAOs are required for decentralized organizations. We believe that on-chain DAOs built by communities and through participatory governance will be sustainable.

There were examples close to the decentralized banking model in history, for example the Free Banking model. Free banking model was implemented with different alternatives. In the era of laissez faire laissez passe, free banking reached wider diffusion.In simple terms: Those holding bonds and similar deposit assets in the bank were authorized to issue money. Hayek came up with a different method than this.The modern theory of the export and circulation of money based on the alternative free market mechanism, where the Central Banks do not take place as an authority, was put forward by the economist Friedrich Hayek in 1976.The idea, advocated by Hayek in The Denationalization of Money, is that money is exported so that it can be used as a means of value by organizations using various factors.

Communities are the most important factors for decentralized models and it is essential for each individual to feel equal during its formation. Commitment to culture or structure, not leaders or teams, triggers the formation of the community. For example, People may give negative feedback on Bitcoin, but the negative feedback we hear about Satoshi Nakamoto is very small. The founder or developer team should be the trigger and withdraw after a certain phase. This is what Satoshi did for Bitcoin. (https://satoshi.nakamotoinstitute.org/posts/-You can link it with the last post date.)

In the beginning there were ideas for end-to-end decentralized finance.Ethereum ecosystem acted with collective intelligence.An ecosystem where being open source is imperative inevitably requires sharing and transparency.The two biggest drivers of development are open source and decentralization.