Lately, the more I watch DAO voting, the more I feel that the proposal on the surface says "optimize parameters / issue subsidies," but underneath it's really about how incentives and power are divided: who makes proposals, who can change the rules, who gains information advantage, and easily elevates their own position. Especially those that write beautiful rewards but hide the thresholds in the details—I tend to read them twice, and calculate my participation costs, to avoid wasting effort for nothing and being used as traffic. Over on Layer 2, they argue daily about TPS, fees, and ecosystem subsidies, which is quite similar—talking about performance on the surface, but actually competing over who can lock in developers and users. I'm most afraid not of losing money, but of realizing after voting that I'm just a "legitimacy backer" for others with that one vote... Anyway, before I vote now, I first look at who benefits, who can veto, and where the exit mechanisms are.