Lately, I’ve been a bit too caught up in DAO proposals… On the surface, it’s said to be “optimizing incentives,” but if you look closely, it’s really about rearranging who has the real say: how voting rights are divided, who can submit proposals, and who can receive subsidies. Basically, it just writes the roadmap for the next few years in stone. Plainly speaking, the rewards aren’t free—they’re buying your side and your silence.

I’ve seen some people get their wallets pretty fat from just a single round of voting. I’ll admit I’m a little envious, even jealous, but I don’t want to chase after it driven by emotions. Right now, things outside are still being argued about—rate cut expectations, and whether the US dollar index and risk assets move together, up and down. I just draw my lines based on volatility. In any proposal where “temporary permissions” or “emergency execution” is written a little too comfortably, I assume the risk is higher. If I can participate less, I do less. For now, that’s the plan.