# dao

There is a fundamental flaw in how most decentralized exchanges work.
When you trade one token for another on a decentralized exchange (DEX). You hit "Swap," the numbers spin, and boom - you have your new assets.
But if you look closely at the fine print, something disappears during that transaction. A fee.
Usually, we don’t think much about where that money goes. We assume it just vanishes into the pockets of liquidity providers or the protocol developers. But recently, I’ve been digging into the governance logs of the STONfi DAO, and I found something fascinating.
For the last seven days, a