Lately, I’ve been getting a bit too into DAO voting… On the surface, it’s “the community decides,” but in most proposals, the ingredients are often hidden: who gets the incentives first, who can get more, and whether voting power really comes down to who holds more coins—or whether it’s basically decided by delegating to a few people. Especially when it comes to that wave of new L1/L2 projects handing out incentives to pump TVL, I totally get the older users’ complaints about “wha-ti-sell.” Basically, the incentives structure is choosing a type of person: the ones who are willing to lock, the ones who are willing to grind, or the ones who are just passing through as liquidity. Anyway, right now, when I look at proposals, I check two things first: who the incentives are going to, and who holds the emergency permissions… so you don’t end up voting and only then realizing you’re just carrying someone else’s water. We can chat more next time.