Recently, I've been looking at a few governance proposals again, and the more I look, the more I find the delegated voting system quite surreal: I delegate my votes to "more knowledgeable people," but in the end, it often just results in a few individuals holding more and more. Honestly, who is governance tokens really governing… Sometimes, my wallets are so finely divided, scattered here and there, that trying to participate even requires flipping through records for a long time. Thinking about it later, it's quite laughable.

Especially now, with new L1/L2 projects incentivizing to pull TVL, old users complain about "mining and selling," yet are forced to chase votes and delegations, or else their voting power diminishes even more. Anyway, my current approach is: if I can vote myself, I do; I also try to split delegations to different addresses/different people, at least to avoid putting everything into a "oligarch pool." As for risks… it’s just time-consuming, plus maybe the votes don’t even matter, but not doing it feels even worse.