Recently, reviewing DAO proposals is more stressful than watching candlestick charts... On the surface, it says "optimizing incentives," but a closer look reveals it's consolidating voting power into the hands of a few, and conveniently changing the reward distribution so that only specific roles benefit. To put it plainly, many proposals are not about solving problems but about rearranging the seats.

I usually look at two lines first: whether the voting threshold/delegation rules have changed, and where the treasury funds are going. A couple of days ago, I saw on-chain that before a proposal was approved, someone transferred governance tokens in several transactions into the same new wallet (0x8f…3c), then immediately delegated all of them... You can call it a coincidence, but after seeing that, I just want to slow down before making a move.

Lately, Meme and celebrity endorsements have started up again, and I really agree with veteran players advising newcomers not to take the last step. When emotions run high, who has the patience to read the power structures in proposals? For now, I’d rather wait for the ice to melt, at least so I can read the words clearly.