These days, I've been voting on DAO proposals again. On the surface, it's "community decision-making," but in reality, proposals often hide incentives on how to distribute rewards and who can more easily gain voting power. To put it simply, voting is a bit like a neighborhood homeowners' association: you think you're choosing a landscaping plan, but the real focus is on the budget, keys, and who can enter the meeting room... Now I tend to scan proposals first for "who benefits, who needs to cooperate, and who pays the price if it fails," which seems more reliable than just looking at the shiny vision.

By the way, I see everyone comparing RWA, US bond yields, and on-chain yield products together. I can understand the anxiety, but don't forget that the "revenue" on-chain is sometimes more like lending you an umbrella: it's very useful on sunny days, but you only realize the umbrella's ribs are sturdy or not when it rains. Anyway, I try not to get too caught up when voting; if I can avoid chasing to make my presence felt, I just don't chase. Take it slow.