I just reviewed a DAO proposal from a less popular blockchain. On the surface, it says "optimizing incentives," but in reality, it's just shifting voting power to a few addresses: either making rewards a threshold only large holders can reach, or using delegation to dilute the voices of retail investors. Honestly, the more polished the incentives are written, the more I have to ask: who is more likely to get it? And once they get it, will they be able to influence the next round of rules more effectively?

Recently, Meme and celebrities have once again diverted attention with their loud voices. Newcomers rush in excitedly, but I think it's better to first learn to see who is being rewarded and who is being restricted in the proposal. Don't end up being the last to jump in and realize you have no place in governance... I've fallen into this trap too. Anyway, before voting, it's best to sketch out the incentive pathways first.