Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
I just turned off the market dashboard and decided to focus on DAO proposals for a while, but the more I look at it, the more it seems like the "funding rate" system—basically, it's all about incentives pulling in different directions. Many votes appear to discuss technical routes on the surface, but underneath, it's really about decentralization: who can propose, who can change parameters, who receives subsidies, who has veto power… If these aren't clearly defined, it ultimately becomes a situation where a minority defaults to steering the ship, while others just watch, thinking they're governing. Recently, the modularization/DA layer narrative has hyped up developers, leaving users confused—actually, it's the same: the more complex the rules, the higher the participation barrier, and the easier it is for power to concentrate. Anyway, my first glance at proposals now isn't about the "vision," but about where the money comes from, how voting rights are distributed, and whether incentives will lead people astray; if something feels off, I quickly withdraw and don't force it.