These days, reading DAO proposals is more stressful than watching the market… On the surface, it says "optimize incentives / increase participation," but in reality, it's about shifting power: how voting rights are distributed, who is delegated to, and who holds the execution authority in the multi-signature. To put it simply, rewards are sugar, but the structure is a knife.

Why do I feel itchy to vote? It's not because of overwhelming faith, but a bit of "fear of being represented." Every time I see proposals that stuff incentives with sweetness but keep the thresholds and lock-up periods vague, I want to go in and scrutinize every clause, my perfectionism kicking in.

Recently, the staking unlocks and unlock calendar have repeatedly triggered anxiety about selling pressure, which also reflects governance: whoever holds those unlocked tokens is more like a "default whale." If proposals conveniently give them more delegation access or voting bonuses… it becomes hard to change back later. Anyway, before I vote, I first look at where the money flows and where the power concentrates—don't be fooled by "participation is justice."