This is the first time I hear about something like this.
Can you give an example?
Can you give an example?
All DAOs are essentially corporations. But not all are legally registered corporations. "LAO" (Legal Autonomous Organization" is the moniker for legally registered DAOs.
There's a few thousand Ethereum based LAOs listed on this site: https://aragon.org/aragon-govern
Also you explicitly say LAO instead of DAO. Under which country's jurisdiction does the LAO fall?
Please don’t tell me about European derivatives like KnockOuts and Warrants. These are more expensive than a margin loan on FTX.