> For the complete documentation index, see [llms.txt](https://terra-vegas.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://terra-vegas.gitbook.io/docs/governance/dao.md).

# DAO

Decentralised Autonomous Organization

{% hint style="info" %}
"A decentralized autonomous organization (DAO) is **an entity with no central leadership**. Decisions 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 collectively owned and managed by their members."
{% endhint %}

## How to be part of the DAO

{% hint style="warning" %}

* (1) You must have **`$VEGAS`** and stake it. Simple.
  {% endhint %}

## What do the DAO members win <a href="#how-to-be-part-of-the-dao" id="how-to-be-part-of-the-dao"></a>

* **`$VEGAS`** stakers win 100% of casino revenue :&#x20;
  * Reserve interest generated from anchor protocol and other yield accrual strategies decided by the DAO.
  * Casino advantage&#x20;
  * Lost bets

{% hint style="warning" %}
Stakers will generate income, even if there is no one playing :tada:
{% endhint %}

## DAOs can vote to modify

* 🛫 **Smart contracts migrations**
* **🏦 DAO capital funds**&#x20;
* 🕹️**New games**
* 📝**Changing contracts parameters**
* 💰Reserve yield accrual strategies

### <br>