Recently reviewing several DAO proposals, the more I look, the more they resemble company equity agreements... They say it's "community governance," but a closer look at the incentives: who receives the voting rewards, who defaults to hold the delegated authority, how to set the voting threshold for small addresses, the power structure is written clearly. The airdrop season makes it even more obvious; the points system forces people to behave like clocking in at work, the task platform even messes with the witch, and in the proposals, there's a casual line saying "bonus points for active voters," so the grab-and-go parties immediately start mass voting, and governance is led by incentives. To put it simply, proposals aren't asking "right or wrong," but "who can get the button," anyway I first look at the flow of funds and the concentration of delegation, then decide whether to vote or not.

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