I once tried to seriously participate in a DAO vote, and after reading the proposal I almost burst out laughing: on the surface it says "Community Governance Upgrade," but in reality, who gets the incentives, who can propose, and who can veto are all buried deep, with a set of buzzwords. Basically, it's just putting a new skin on the power structure and selling you a sense of participation again; if you don't look closely, you'll just be a tool that "reads and likes."

Recently, the group has been discussing stablecoin regulation, reserve audits, and various short essays about "de-pegging," with everyone both afraid and sharing them. The emotions are very similar to those during voting: the more anxious they are, the more they want to grasp some certainty, which makes it easier to be led by the "rewards" and "airdrop expectations" in the proposals. Anyway, I learned my lesson after that vote: first see who benefits and who can change the rules, then decide whether to waste my fingers. That's it for now.