A Decentralised Autonomous Organisations (DAO) can be explained as a mutual fund where instead of a central manager, the participants decide on the investment and other decisions. Aave, Compound, Decred, MakerDAO, and Uniswap are some examples of DAOs.

source https://gadgets360.com/cryptocurrency/opinion/daos-decentralised-autonomous-organisations-2789434#rss-gadgets-all