Lately, I’ve been a bit exhausted from governance voting. They call it "community governance," but in reality, a bunch of people delegate their votes to save trouble, and in the end, only a few big accounts decide the direction. It’s not that they’re necessarily bad, but prolonged concentration of power inevitably resembles an oligarch club—who exactly is the token governing… Sometimes it feels like they’re just managing retail investors’ patience.

These days, everyone is comparing RWA, US bond yields, and various on-chain "yield products." I also get tempted, but when I think about these parameters, the pace of new launches, and even security budgets, it’s usually just a few big votes making the decisions, which makes me want to slow down even more. Anyway, I prefer low leverage, slow accumulation—if I can invest myself, I do; if I can’t, I accept it. Let’s see how it goes.