Recently, I've been looking at the delegated voting of several protocols again, to put it simply, who do governance tokens really govern... On the surface, many people participate, but in the end, it's just a few big votes that matter, others are just like giving a like. Hardware wallets are out of stock, phishing links are rampant, everyone is shouting about security but too lazy to verify domain names, and thinking about it later, it's quite funny. Voting is the same, if you're afraid of trouble, just delegate it, and over time it becomes a oligopoly. Anyway, I now feel more like gambling on volatility: participate if you can, but default to the idea that your votes can't change much, just hope not to turn "governance" into liquidity and exit channels. That's all for now.