Lately, I’ve been feeling a bit powerless about governance voting… A bunch of people delegate their votes, and in the end it turns into a few big addresses / a few “agents” deciding the parameters. Governance tokens are said to be “the community,” but if we’re being honest, it’s still the people with more liquidity and more say who are effectively governing. Everyone’s busy chasing yield, busy farming airdrops, and when it comes to key proposals, they just click “follow” and move on—they don’t bother looking at the details. I’ve been guilty of that myself too.

When I see the whole “restaking, shared security” setup of “yield stacking,” the endless arguing aside, it really is just another layer of governance-style matryoshka dolls: one layer of delegation on top of another. Risk and power get packaged and handed off, so who is truly responsible in the end? Anyway, I’ve lowered my expectations: if I can understand it, I participate; if the routing/depth isn’t right, I won’t place an order; if I can’t see clearly when voting, I won’t delegate… I’d rather miss out than be a liquidity donor + a governance backdrop. That’s all for now.