Recently, I've been looking at some project governance votes, and the more I look, the more it seems like they're asking: who exactly is the governance token governing? They say everyone decides together, but in reality, most people delegate their votes, and in the end, it just becomes a few big accounts nodding at each other. Ordinary users are too lazy to even check "who did I actually delegate to?" To put it simply, delegation is originally meant to save effort, but after a while, it ends up losing all the power. Coupled with a new wave of L1/L2 incentives to boost TVL, veteran users complain "mining, selling," but still hand their votes to whoever can run the fastest... Anyway, I’d rather participate less now than pretend I have a say. Just endure it slowly, don’t make too much noise.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin