I started recording DAO votes only to realize that proposals are not as simple as "approve/reject"... Some seem to be about feature upgrades, but upon closer inspection of the attachments, I realized they involve changing incentive distribution, who can propose, and whose votes are more valuable. To put it plainly, the power structure is hidden in those small print.

Recently, new L1/L2 projects are both issuing incentives and pulling TVL, and veteran users complain about "mining, proposing, and selling." I suddenly can empathize: once incentives kick in, short-term excitement is there, but if voting is driven by rewards, you really need to ask who is making decisions and who is footing the bill. Anyway, I now always start by asking before voting: who benefits more from this proposal, who has more say. That’s the approach for now, learning slowly.