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What is OceanDAO (Ocean Protocol)?

Crypto Terms Glossary: What is OceanDAO (Ocean Protocol)?

OceanDAO is a community-led grants proposal system that exists as part of the Ocean Protocol platform. As a decentralized autonomous organization (DAO), OceanDAO enables community governance by allowing OCEAN token holders to vote on funding grants for community projects and ongoing ecosystem development. One of OceanDAO's primary objectives is to help the Ocean Protocol ecosystem become fully decentralized over time, a goal the Ocean team has been striving for since the project's inception.

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