Recently looked at a few DAO proposals, on the surface they read as "for the good of the community," but upon closer inspection of the incentive clauses, something feels off: who can get subsidies, who can nominate, who has emergency veto power, the power structure is all hidden in the fine print… Basically, voting isn't about "values," it's more about "who will be in charge later." Last night, I casually checked on the chain, and two hours before a vote, an address suddenly withdrew a large amount of governance tokens from a CEX, splitting them into five or six new wallets to vote, with the same batch of gas still stuck in roughly the same block, quite artistic (and quite straightforward). Now, with Meme and celebrity shoutouts, the attention rotation is too fast—newcomers shouldn't always try to catch the last baton; first learn how the rules are written and how to gather votes, or else when the floor price drops, you'll think it's "the market not understanding aesthetics"... Anyway, I’ll be cautious and flip through a couple of pages before voting.

MEME2.71%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned