Recently, I’ve been looking at governance votes for a few protocols again, and I’m feeling less and less secure. They say it’s “community decision-making,” but in the end, a bunch of people delegate their votes, leaving only a few big players/representatives making the decisions… Who do governance tokens really govern? Honestly, it might just be the illusion of retail participation.

Airdrop season is the same. The anti-witchcraft tasks on the platform are getting stricter and stricter, and the points system makes earning tokens feel like clocking in at a job. Everyone is busy earning points, and when it comes to voting, they’re too lazy to read proposals, just delegating with one click—convenient but also leading to more oligarchic control.

Now I’ve scaled down my goals: I don’t chase the “correct” vote for every proposal. I only pick two or three protocols I actually use, and I only vote on proposals that relate to my risk. For everything else, I’d rather not participate. This way, I can stick with it longer and avoid being hypnotized by K-line charts and “governance narratives” together. Let’s start with this.