Seeing DAO proposals for the third time and feeling like laughing: on the surface it says "Increase participation," but underneath it's really about who can get subsidies and whose votes are more valuable. Voting isn't a lesson in democracy; it's a manual for maintaining the power structure... How rewards are distributed, how long they are locked, how representatives are chosen—basically, all about screening "who considers themselves one of us." Recently, the on-chain data tools' tagging system has been criticized for being outdated/misleading, but I think it's quite fitting: you look like a retail investor, but it's actually the same group of wallets changing disguises. No matter how gentle the proposal sounds, it doesn't matter. Anyway, I now avoid reading slogans on the voting page first; I check the incentive terms and execution rights first to keep a steady mindset.

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