Many projects superficially have "community voting," but in reality, everyone is too lazy to read proposals, and casually entrust their votes to a few familiar KOLs or big holders, ultimately turning into a few addresses nodding to each other. 说白了，风险是全体一起扛，方向却越来越像寡头会议。 Put simply, the risk is borne by everyone together, but the direction increasingly resembles an oligarch meeting. 质押解锁的时候，票权还可能跟着流动，今天投票的人明天就走了，留下的还是那些长期坐庄的票仓。 When staking is unlocked, voting rights may also become fluid; those who vote today might leave tomorrow, leaving behind the long-term staked voting pools. 反正我现在对“治理”这俩字挺克制的，能看链上权力结构就先看，投不投票…看心情。 Anyway, I’m quite restrained about the words "governance" now; I prefer to look at the on-chain power structure first, whether to vote or not… depends on my mood.
最近又看到一堆人在盯代币解锁日历，焦虑抛压，能理解…但我更在意的是：治理代币到底治了谁。
Many projects superficially have "community voting," but in reality, everyone is too lazy to read proposals, and casually entrust their votes to a few familiar KOLs or big holders, ultimately turning into a few addresses nodding to each other.
说白了，风险是全体一起扛，方向却越来越像寡头会议。
Put simply, the risk is borne by everyone together, but the direction increasingly resembles an oligarch meeting.
质押解锁的时候，票权还可能跟着流动，今天投票的人明天就走了，留下的还是那些长期坐庄的票仓。
When staking is unlocked, voting rights may also become fluid; those who vote today might leave tomorrow, leaving behind the long-term staked voting pools.
反正我现在对“治理”这俩字挺克制的，能看链上权力结构就先看，投不投票…看心情。
Anyway, I’m quite restrained about the words "governance" now; I prefer to look at the on-chain power structure first, whether to vote or not… depends on my mood.