Late at night, while checking the on-chain liquidation waterfall, I casually browsed a few protocol governance votes and found that "delegation" is quite a magical thing: the votes belong to everyone, but the power gradually concentrates in the hands of a few people. To put it simply, governance tokens often don't actually govern the "protocol direction," but rather who is better at soliciting votes and who is more diligent in collecting delegations, ultimately forming a small oligarch club.

Actually, it's not entirely their fault; ordinary people don't have the energy to read proposals and calculate parameters every day. Delegating a vote is just like submitting an assignment. Anyway, attention is now shifting to memes and celebrity shoutouts, making it even less likely for newcomers to care about governance details... Veteran players advise against taking the final step, but I also think people shouldn't casually hand over their votes, as it will be hard to get them back later.