Place of honor (4)
'place of honor' is the definition.
(I've seen this in another clue)
This is all the clue.
(Other definitions for dais that I've seen before include "Welshman's" , "support for speaker" , "Piece of old cloth" , "Platform; podium" , "Raised floor" .)
(Other definitions for first that I've seen before include "Leading" , "Preliminary" , "Position for gold" , "Earliest; good degree" , "to begin with" .)