What is a DAO and why is it beneficial?

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The Reserve Vault (ORV) is being upgraded to act as a Decentralized Autonomous Organization, (DAO), and what that means is that Ormeus will hard-code certain rules that the company will adhere to and cannot be changed once deployed to the Ethereum Blockchain, i.e., setting aside a certain percentage of vault earnings. These are called Smart Contracts.

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