Lately, I’ve been looking at a few protocol delegated-vote proposals again, and the more I look, the more it feels like drinking tea that’s gone cold: on the surface, everyone can vote, but in the end, it’s still just a few people’s addresses flipping the cards. Who exactly is being “governed” by the governance token… To be blunt, many people hand their votes over just to save time—I get it—but if it goes on too long, it tends to become oligarchic. Even if the proposal is written really well, it ends up feeling like it’s just going through the motions.

These past couple of days, when there are large transfers on-chain and the exchange hot/cold wallets move, the group chat immediately starts shouting, “Smart money is coming in.” These days, though, I’m actually less inclined to chase these interpretations. Even if a wallet moves, it might just be a move—don’t tie all your emotions to it.

After I set my goal smaller, though, I’ve been able to stick with it better: participating in governance isn’t about changing the world; at the very least, don’t give your votes away recklessly. As for my position, I don’t aim to fill it all at once—just grid slowly. When it’s hot, don’t rush to drink; just do it like this for now.