That really gave me a scare just now... I copied the address to vote, and my hand slipped and I clicked "Delegate to XX," almost sending the vote directly out. Luckily, I took a closer look at the confirmation page at the end, or I wouldn't even know if this vote was cast by me or by him. To be honest, delegated voting was originally meant to save effort, but the more it saves, the more it seems like we're nurturing a "governance oligarchy." When a few big accounts aggregate, the proposal outcomes are basically decided by the preferences of just those few people.

Recently, there's been talk about modularization and the DA layer, and developers are quite excited. As an ordinary user, I’m a bit confused: no matter how beautifully you split the chain, governance ultimately depends on who holds the most votes and who can attract delegations. So, who exactly is "token governance" ruling over? I’m currently watching the flow of large delegated votes on the chain, and also checking if the skew in options or funding rates are tightening in advance... Predictions aren’t always accurate, but risk control always comes first.