Brothers, I just finished watching a DAO voting proposal, and I’ve got some thoughts. Back when I was farming airdrops, my eyes were only on “whether they’ll issue tokens” and “how much.” Now I realize the real things that determine how far a project can go are the voting power, the delegation mechanism, and even the treasury allocation ratios inside the proposal. Put simply, a proposal contains “who gets to make the call” and “who gets the money,” which is more interesting than just looking at promises on a plate.

With the market recently volatile, rate-cut expectations and risk assets are swinging up and down together, and it’s got me staring at gas fees while questioning life. But from another angle, this “version update” has upgraded my mindset too—before it was 1.0 “go go go,” and now it’s 2.0 “let’s review the proposals and governance structure first.” Anyway, doing more homework can’t hurt—don’t wait to get buried before you realize.