These days, looking at governance proposals, I feel a bit powerless: in theory, everyone can vote, but in reality, many people are either too lazy to read or just delegate their votes to "familiar faces," resulting in an increasingly oligarchic governance structure. Governance tokens, frankly, are more about "governance attention" and voting power. When looking at on-chain data, it becomes even more intuitive—vote concentration happens pretty quickly. The discussion forums are lively, but in the end, it's still a few players making the final decisions.

By the way, recently hardware wallets have been out of stock everywhere, and phishing links are flying all over. People shout about decentralization while funneling votes, keys, and trust into just a few entry points... I’m not just talking from the sidelines; many times, it’s really just for convenience. Anyway, what I’ve learned isn’t techniques, but this: don’t treat "delegation" as "done once and for all."