Fractal scaling of API3
API3: The DAO & Staking, Part III
In the absence of a consensus mechanism, immutability is required for smart contracts to be trustless. DAOs are commonly used to provide this consensus functionality at the smart contract-level to update parameters of a decentralized application, and even upgrade entire contracts without having to resort to centralization. Although this is the main reason for being for most DAOs out there, today, we are experimenting with a far more impactful use case.