I just finished reviewing a DAO proposal, which on the surface was written very gently: optimizing incentives, increasing participation... but when I looked into the details, I found that the rewards were actually just redistributing voting power—who can get a larger weight, who can get on the whitelist, who can receive a share of the transaction fees later—honestly, all hidden within those few words about the "incentive mechanism." Recently, with the stacking and shared security yield stacking being criticized as "nested," I feel it's the same vibe: it looks like an extra layer of profit, but in reality, it's an extra layer of control and dependence.


I just symbolically voted with 0.02 ETH (consider it a tuition fee), waited about 3 minutes for on-chain confirmation, and I still felt a bit uneasy... Anyway, in the future, when I look at proposals, I’ll first ask "who pays, who gets the power, who can exit," otherwise, FOMO can really easily lead you astray.
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