DAO voting, well, everyone understands this. No matter how "for the community" the proposal is written, it's mostly about how to split incentives and who can press the button. Yesterday, I looked at the interaction path of a proposal; on the surface, it's about adjusting parameters, but in reality, it moves execution rights from multi-signature to a new contract, and also sneakily adds an "advisor budget" for automatic renewal... Basically, it's locking the chips for yourself in the coming months, and voting is just stamping approval.

Recently, there's been a bunch of narratives about AI Agents and automated trading, often claiming they can enable "automatic on-chain governance." I mainly look at two points: who can change the strategy, and who can change the key/upgrade the contract. The more elaborate the hype, the more I want to find that most inconspicuous admin entry point. I can't say whether the market will rise or fall, but if the power structure isn't clarified, voting more just feels like confirming someone else's decision. That's all for now.