Recently, I reviewed a few more DAO proposals, and the more I look at them, the more I realize that voting isn't as simple as "support/oppose." The way the incentives are distributed in the proposal, who gets them first, and who has the authority to change parameters basically clarifies the power structure. To put it plainly, they give you some profits as candy, but if they take away the keys to the treasury and emergency pause permissions, you might not even notice.

Nowadays, everyone is comparing RWA, such as US bond yields, to on-chain yield products. I also look at that, but I first consider "who can shut down the system if something goes wrong, who makes the final decision, and whether there are audits and emergency plans in place." No matter how good the returns are, you need to be able to survive to collect them.

Recently, I also followed a few "governance experts," but then I realized their voting logic always follows incentives. The discussion area sounds nice, but the key permission clauses are glossed over... so I unfollowed them. Take it slow, be less impulsive, and forget it.