Sometimes reading DAO proposals is more exhausting than watching the market… The main text is written like a public service announcement, and when you flip to the end, all the incentives are hidden in the attachments: who proposes to get subsidies, who votes to receive tokens, who has permission to change parameters. To put it simply, it’s not “community governance,” it’s more like distributing who can sit by the button long-term.

Recently, everyone has been complaining about validator income, MEV, and fair ordering, but I think they all stem from the same idea: how rules are queued up determines how money flows. When proposals mention “ordering rights/whitelists/delegation rights” lightly, it’s essentially fixing the power structure. Anyway, I’m just a small player in options trading, enough just to watch volatility, but before voting, I’ll first look at: who benefits, who loses power, and whether it can be changed back after modifications. That’s all for now.