I’m now checking whether the project is actually doing serious work—without looking at how sweet the talk is, first look at how the treasury spends: is the money being poured into things that can be verified and accepted, or is it a jumbled mess of “ecosystem incentives” + consulting fees. And don’t write the milestones like a wish well; it’s best to break them down into “what gets delivered this month, who will verify next month.” If you can’t do that, just be honest about why things are delayed—don’t open a meeting and immediately pass the blame to market sentiment.

Recently, that whole re-staking/shared security setup has been criticized as a “Matryoshka nesting doll,” and I’m actually more concerned with this: you talk about compounded yields in dazzling terms, but are the treasury outlays also being compounded… Has the audit been done, is there a risk reserve fund in place, and if something goes wrong, who pays the bill? Thinking about it, it’s pretty funny. We bicker about the roadmap for half a day in the group chat, but one set of expense details is enough to show who’s just coasting. In any case, before I vote, I’m flipping through the ledger first—then after the drinks recap, I’ll still be stubborn about my opinions.