What’s so special about being a moderator?

Genuinely curious. The only reason I can think anyone would want to be a moderator is to just make sure the content posted in a sub isn’t just garbage or ads.

Other than that it seems like a full time job all the time. Like I couldn’t imagine keeping up with a super popular sub. Is there any financial gain? Something I’m missing? Some mods make it seem like the positions is something so holy??? Idk any insight?