Introduction to Lago DAO
While there have been many different forms of DAOs to date, the standard definition of a DAO is an entity with no central leadership. Decisions in a DAO get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain. DAOs are internet-native organizations which are collectively owned and managed by their token holders. Nearly all decisions are made via proposals that the group votes on during a specified period. Similarly, they often have treasuries that are only accessible by creating and voting on a proposal for a specific funding purpose.
Unlike centralized stablecoins, USD2 will be directly governed and maintained by the LAGO token holders through the Lago DAO. The Lago DAO represents a different way to think about regulation and ownership of a currency. Instead of arbitrary rules and regulations being imposed by third parties, the Lago DAO is built by and for the institutions who use it and gives them a say in their use of the USD2 currency.
The number one priority of the Lago DAO is to maintain a decentralized platform that meets the needs of all stakeholders. This removes the risk to USD2 holders of centralized intervention and ensures that no single entity can exert their will to the detriment of the rest of the participants. We believe this system is not only more fair, but will also facilitate the inclusion of other institutions who share concerns about building their platforms on top of centralized stablecoins who can arbitrarily alter assets. We envision a future where payments flow globally like water down the mountains. Welcome to a better world of instant, frictionless payments.