Just finished a night run and casually flipped through a few DAO voting pages. The more I looked, the more I felt that the proposal texts are all about "vision," while the real substance is hidden in the incentive details: who can lead, how they lead, for how long, whether voting power becomes more concentrated or can be diluted. Basically, it's about rearranging the power structure. I'm most worried about those that seem very public-spirited but end up writing key parameters so vaguely that they can just add a "technical adjustment" later after it passes... Anyway, right now I’m focusing on the distribution of voting participation and delegation flow, not just the approval rate. Recently, the debate over privacy coins/mixing coins and compliance has also been quite divisive. The same term is seen as freedom by some and risk by others. Once "compliance" appears in voting, there are usually people calculating the costs behind the scenes.