I just closed a governance page, and my mood instantly calmed down. Delegated voting, to be honest, is quite similar to "outsourcing the hassle." At first, it’s about saving trouble, but in the end, it often turns into a few people mutually authorizing and nodding at each other, and questioning who the governance tokens actually serve… Well, it’s not like I’m a small investor anyway. What’s even more outrageous is that some project contracts still have permissions held by anonymous teams; no matter how lively the voting gets, it’s like stamping approval on air.

In the group chat these days, people are again discussing stablecoin regulation, reserve audits, and “de-anchoring” rumors, sometimes screenshots, sometimes long essays, everyone’s emotions are like opening blind boxes. I’ve now gotten used to first checking the on-chain fund flows: where the money is moving, who has the authority to act, and the rest of the gossip is just for entertainment.