Lately, the more I watch governance voting, the more I feel a bit uneasy: a bunch of people delegate their votes to "friends/celebrities," and in the end, it’s really just a few people pressing buttons. They say it’s decentralized governance, but it looks more like oligarchic governance... Who exactly does the governance token serve? Honestly, it might primarily serve to enhance retail participants’ sense of involvement.

What’s more awkward is that I want to follow up on proposals myself, but I have to rely on on-chain data tools and tagging systems; but these days, isn’t it also being criticized that these tags are outdated or even misleading? So how much truth is there in “what is a certain address doing”? Anyway, I’m now more cautious about delegation: I’d rather cast fewer votes myself than bundle my votes and send them to someone else.

My mom also asked me: Don’t your voting just amount to choosing a “chairman”? I said it’s pretty similar, but the chairman might also be anonymous... For now, I’ll keep an eye on utilization rates and liquidation lines, so I don’t end up being stabbed in the back by rising interest rates while voting.