I just went through several DAO proposals and found them quite interesting—on the surface, everyone is voting to choose a “direction,” but when you look closely at the incentives and power structure, some proposals are basically issuing an airdrop to specific addresses, or indirectly increasing the voting weight of a few parties. In any case, I’m used to first scanning the distribution of the proposal’s “sponsors” and “initial voters,” and then deciding whether to vote in favor. For example, yesterday there was a proposal called “Bridgewater DAO.” It had only 3 initiating addresses, but their voting power accounted for nearly 40%—once you pull the numbers up, it’s basically clear who’s controlling the market.

But then again, the DA-layer narrative around modular blockchains has been getting a lot of buzz among developers, and I’m a bit confused—I spend my days in DAOs. At the user level, I haven’t really felt any actual changes yet. We’ll wait and see until they truly get implemented. That’s it for now—I’m going to look up another proposal.