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I just looked at a DAO proposal, and on the surface, it sounds quite gentle: offering some incentives to contributors, optimizing processes, and so on.
But only after reading the last paragraph did I realize that the rewards are based on "voting participation," and the weight is also tied to delegation...
Basically, it's about funneling votes into a few big accounts; people think they're voting for governance, but really they're voting for power structures.
Lately, isn't everyone anxious about staking/unlock schedules and the associated sell pressure?
I suddenly see the same logic: people talk about long-term development on the surface, but inwardly they're calculating who will run first and who can get more tokens.
Anyway, now I look at proposals first to see "who's getting the money, who can change the rules," or else after voting, I end up needing psychological therapy.