Recently, looking at DAO proposals feels a bit like giving a wallet a health check: on the surface it says “Encourage everyone to participate,” but when you flip to the later attachments, you find out that everything about how rewards are distributed, who can receive them, and how much they can get is all a manual of the power structure... To put it simply, it turns voting enthusiasm into controllable chips. Especially the kind that writes the thresholds, the whitelist, and delegated rights so beautifully—I’m going to pause for two extra seconds now.

A few days ago, there was a mainstream public chain that needed an upgrade/maintenance, and in the group everyone was guessing whether the project would migrate. I, though, went to look at those projects’ DAOs first: if the core permissions are still held by only a few people, then whether it migrates or not is basically just a matter of one sentence, and the vote is just there to run along as a formality. In any case, I don’t deny the fact that some communities really are slowly dismantling power. That’s it for now—before I get the urge to hit like, I’ll first read those lines in the proposal about “who can change parameters, and who can perform an emergency pause.”