, thereby building a stronger affinity with their supporters. DeFi also gives rise to new mechanisms of fundraising such as decentralized autonomous organisations. The organisations are based on smart contracts and help the stakeholders to make decisions over funding allocation. Organizations can empower their community of supporters by forming a specific cause's DAO, so it can make decisions about which project area needs the funds to be pushed into, thus putting resources in projects by their wishes and contributing to community needs, thereby building a stronger affinity with their supporters. DeFi also gives rise to new mechanisms of fundraising such as decentralized autonomous organisations. The organisations are based on smart contracts and help the stakeholders to make decisions over funding allocation. Organizations can empower their community of supporters by forming a specific cause's DAO, so it can make decisions about which project area needs the funds to be pushed into, thus putting resources in projects by their wishes and contributing to community needs
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