Lately, I've been a bit obsessed with DAO proposals, to be honest, it's not really "the community decides together," more like "who puts in the money and who gets the control button."

I usually start by assuming three things: whether voting power is concentrated, where the cash flow goes after a proposal passes, and who actually has the execution authority (the multi-signature addresses are more real than the slogans).
Some proposals seem to focus on development on the surface, but a closer look shows that the incentives are just about giving certain roles a lifeline: who gets subsidies, who makes the allocations, for how long, and meanwhile raising the cost of opposition.

Recently, the L2s have been arguing over TPS/fees/ecosystem subsidies, which looks lively, but it's actually very similar to DAOs: once subsidies start, governance turns into "how to make the budget look more like public interest."
My biggest fear isn't losing money, but realizing after voting that I was just stamping someone else's power structure.
Anyway, whenever I see the words "incentive plan," my first reaction isn't excitement, but to look for that small print that says "who has the final interpretive authority."