Lately, I find DAO voting a bit annoying. The proposals are written like they’re talking about “community consensus,” but I’m used to translating that first into incentives: where the money goes, who can sign, and who holds the emergency switch. To be blunt, many of these aren’t really disputes over technical roadmaps—they’re about conveniently locking in the power structure. Only after you cast your vote do you realize you’re just backing some multi-signature endorsement.

In the past couple of days, I’ve also seen everyone putting RWA, whatever the US bond yield is, and on-chain yield products side by side for comparison… I get tempted too. But the moment I return to the governance documents, no matter how good the returns look, the risks are often tucked away in lines like “parameters adjustable” or “subject to committee discretion.” And then, when voting, they still ask you to “trust that they’ll adjust it correctly.”

Yesterday, for a moment, I seriously considered leaving a few governance groups. I even tapped through to the uninstall screen in the app—but then I thought, forget it. At least read the code and permissions before walking away. I don’t take sides or try to be an atmosphere-builder. I’ll vote more slowly—better to participate in fewer votes.