Actually, everyone understands that governance tokens often don't really govern the "community," but rather the few large holders/institutions who can delegate their votes with a single click. Last night, while reviewing an audit report, I casually looked at the voting records of a certain protocol, and the top ten addresses alone could sway the proposal’s direction. No matter how much others argue, it’s like they’re just adding drama in the comment section... To put it simply, the delegation mechanism was originally meant to be convenient, but it has gradually become an accelerator for oligarchy.

Recently, with the re-staking, shared security, and yield stacking methods being criticized as "layering," I’m actually more worried about this governance layer: the more complex the yields become, the lazier everyone gets about researching, and the easier it is to delegate votes directly to those who seem "professional." My approach is pretty simple: avoid authorizations if possible, only delegate to people I understand and who are willing to openly explain their reasons, and after voting, revoke the permissions. It’s a bit more troublesome but gives me peace of mind.