Recently, I’ve been reviewing a few more DAO proposals, and the more I look at them, the more I feel that voting is on the surface “community governance,” but underneath it’s really about how incentives are divided and who has the right to keep speaking. The most elaborate parts are often not the vision, but how voting rights, delegation, and treasury allocations are circled around, eventually ending up in the hands of a few addresses, which is quite natural… To put it plainly, the rules themselves are a power structure.

These days, the testnet incentives and point expectations have once again heightened everyone’s emotions, with guesses about “whether the mainnet will issue tokens” flying around. I understand, after all, earning rewards is also about recouping costs. But when I review proposals, I pay more attention to: does it increase the probability of participation, or does it increase the probability of certain people continuously benefiting? Anyway, before I vote now, I first check if the incentives are aligned and whether there are actual constraints on opposition votes. If not, I’ll just sit back… for now, that’s how I’ll proceed.