Build Finance DAO
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The Build Finance DAO was a decentralized autonomous organization (DAO), a venture based on blockchain technology. It was the subject of a 2022 hostile takeover by a member who amassed enough votes to pass a motion that allowed them to liquidate the DAO's cryptocurrency holdings and flood the market with new tokens.
Build Finance DAO was formed around September 2020. It was described as a "decentralized venture builder", designed around its BUILD token, that would fund new ventures.[1] The ventures funded by the DAO would adopt the BUILD token, helping popularize it.[2] As a DAO with token-based membership its decisions would be based on voting power.[1]