Lately, I've been looking at governance votes for a few protocols again. To be honest, the most surreal part isn't the proposal content, but who is actually pressing the buttons. Many people delegate their votes for convenience, but over time it turns into "a few familiar faces" deciding parameters, and ultimately governance tokens might be controlled by the patience of retail investors... I'm also quite discouraged: you think you're participating, but in reality, you're just packing and sending your power away.

I've now set a very simple rule for myself: vote on proposals I understand myself; for those I don't understand, I’d rather abstain than blindly delegate; if I do delegate, I spread it out to different people with different styles, not just to one "big shot" for convenience. Recently, during the extreme funding rate period, the group argued whether to reverse or keep squeezing the bubble. Instead, I thought: market bubble squeezing might hurt a bit, but governance oligarchization slowly dulls the senses, and eventually, there’s no pain at all. Anyway, for now, I’ll do this—at least keep the votes in my own hands, bit by bit.