Today I went through a new proposal from a certain DAO. I refreshed the voting interface a few times, queued up waiting for the results, and when the page froze I kept thinking: on the surface, the incentive parameters and the lock-up rules written in the proposal are an economic model. But if you dig one layer deeper, it’s all power structure. Whoever can get their proposal approved first, whoever has the resources to rally votes—before the voting, they can shift the rules a bit in their favor. Recently I’ve seen old players advising newcomers not to take the last baton, and it’s the same idea—where attention goes, power follows. The sweet honey is always taken first by the hummingbirds. Anyway, when I read through audit reports, I also check the proposal’s voting history on the side. It’s kind of like seeing who’s controlling the menu, and it’s pretty interesting.