---
title: "什么是 DAO (Decentralised Autonomous Organisation)？"
canonical: https://wavect.io/zh/glossary/dao/
language: zh
description: "一个通过 Smart Contract 协调的群体，其共享资金和决策由链上投票治理，而不是由董事会和银行账户治理。"
image: "https://wavect.io/img/general/bak/open_graph_preview.jpg"
---

技术

# DAO

Decentralised Autonomous Organisation

一个通过 Smart Contract 协调的群体，其共享资金和决策由链上投票治理，而不是由董事会和银行账户治理。

最近审阅: 2026-06-02 审阅人 [Kevin Riedl](/zh/team/kevin-riedl/) [wiki ↗](https://www.wikidata.org/wiki/Q139796365)

DAO 是一种运行集体的方式，其成员资格、投票和支出的规则都存在于 [Smart Contract](/zh/glossary/smart-contract/) 中。金库是一个链上钱包，只有当提案通过投票时才释放资金。投票权通常与代币持有量或成员资格挂钩。其卖点是协调变得透明且防篡改：任何人都可以审计金库，每一票都被记录，没有任何单一签署人能够悄悄掏空资金。它是少数几个价值不依赖代币价格的 [web3](/zh/glossary/web3/) 原语之一。

DAO 在一项特定工作上运作良好：管理一个共享的链上金库，其中成员彼此并不完全信任，需要可验证的规则来约定谁能花什么。投资俱乐部、协议参数治理和资助拨款都是真实的适用场景。我们为 FTW DAO 构建了链上治理与金库逻辑，在那里这种结构配得上它的复杂性，因为有真实的资金在各方之间汇集。

大多数 DAO 说辞含糊带过的，是法律地位，而在奥地利和更广的欧盟，这一点很要紧。DAO 不是一种受认可的法律形式。除非成员把它包进一个真正的实体（一家 GmbH、一个协会、一个基金会），否则法院可能把参与者当作一个负连带责任的合伙来对待，意味着某个成员可能要为这个集体的义务承担个人责任。「代码即组织」是一条不错的工程原则，却是一条危险的法律原则。任何触及真实资金或真实交易对手的 DAO，都需要在智能合约之下垫一个真正的法律外壳，这要在上线之前就定好，而不是在第一次纠纷之后。

DAO 在哪里沦为作秀：对实际上并不在链上的决策进行治理、把权力集中到少数巨鲸手中的代币加权投票，以及作为营销标签、而背后团队仍掌控管理员密钥的「社区治理」。如果艰难的决策仍在私人聊天中做出、投票只是橡皮图章，那你拥有的是一家穿着 DAO 戏服的普通公司。我们会告诉你你正在构建的是哪一种。请参阅我们的 [区块链工作](/zh/services/blockchain/) 。

// FAQ

## 常见问题

### 什么是 DAO？

一个其成员资格、投票和金库规则都存在于 Smart Contract 中的集体。资金存放在一个链上钱包里，只有当提案通过投票时才支付，因此规则透明，没有任何单一个人能悄悄花掉这笔钱。

### DAO 在什么时候真正有意义？

当彼此并不完全信任的各方汇集真实资金、并需要可验证、防篡改的支出与决策规则时。投资俱乐部、协议治理和资助金库都是真实的适用场景。其余大多数用途只是贴着 DAO 标签的普通组织。

### DAO 什么时候只是作秀？

当真正的决策在链下的私人聊天中做出、投票只是橡皮图章时，当代币加权投票把控制权交给少数巨鲸时，或当团队在’社区治理’的招牌背后仍掌控管理员密钥时。那是穿着戏服的公司，不是 DAO。

相关术语

- [Web3](/zh/glossary/web3/)
- [智能合约](/zh/glossary/smart-contract/)
- [Blockchain](/zh/glossary/blockchain/)

相关服务

- [区块链](/zh/services/blockchain/)

相关案例研究

- [FTW Ventures](/zh/case-studies/ftw-ventures/)

相关指南

- [如何挑选软件开发公司](/zh/software-development-guide/how-to-choose-a-software-agency/)

聊聊

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