Lately, I can’t help but feel overwhelmed by governance voting… They call it “community co-governance,” but in the end, a bunch of people just delegate their votes away, leaving only those few big players/institutions on stage nodding at each other. Governance tokens—so who exactly are they governing? To put it bluntly, it’s still just the illusion of “protecting” retail investors.

It’s not that everyone doesn’t want to vote; it’s that they don’t have the time. During the airdrop season, the task platform churns out one set after another, and the anti–witches campaign makes it feel like an HR checking attendance. The points system turns the “scrape-for-rewards” crowd into people punching a clock to work—and afterward, they still want you to go study proposals? No pretending—I'm too lazy to look. What I’m afraid of is that one day, over on that bridge side, a black swan shows up, and when you flip through the voting records: oh, so you “participated in governance” too—just laughable.

Anyway, these days, the moment I see “delegate,” it triggers a conditioned reflex: another step toward oligarchization.