Recently, the more I watch governance voting, the colder I feel. Delegated voting was originally for convenience, but gradually it turned into "handing your vote to the person who seems to understand the most," and then those few people are also familiar with each other, recommending each other. Frankly, oligarchization happens very naturally. Who exactly does governance tokens govern? Sometimes it's not the protocol itself, but an illusion that controls retail investors: you think you're participating, but you're actually just rubber-stamping a predetermined course.

What's even more awkward is that on-chain data tools and tagging systems are often criticized for being laggy or even misleading. If you rely on them for judgment, you might already be part of someone else's script. The thing I fear most isn't losing money; it's losing control — not in the sense of price volatility, but in realizing that I can't even clearly say "what am I voting for, who is influencing me." Anyway, I now prefer to vote less, delegate less, and I don't want to hand over decision-making power just to comfort myself with the idea of "decentralization."