Watching DAO votes for a long time can make you numb: no matter how beautifully the proposals are written, the core still comes down to "who gets the incentives and who has the final say." Some seem to be about changing parameters or allocating budgets on the surface, but in reality, they are shifting voting power to a few addresses, or using a wave of short-term rewards to buy everyone's attention, and by the time you realize it, the rules have already been changed.

Recently, funding rates have been pushed to extremes, and people in the group are arguing whether it's a reversal or just an ongoing bubble squeeze. I tend to look back at these DAO proposals: the more emotional the community, the easier it is to justify "we need to make quick decisions now" as a reason, and to shape the power structure conveniently. To put it simply, what’s written on the blockchain is code, but what’s written off-chain is human nature… As for whether you see this as efficiency or as kidnapping, it depends on which side you’re on.