Lately, the more I look at delegated voting, the more it seems like a "convenience package": retail investors are too lazy to research, so they delegate with one click, resulting in voting power becoming more and more concentrated. They say it's governance, but it’s really more like choosing a few resident representatives to confirm on everyone’s behalf. To put it simply, who does token governance serve? It serves those who truly have the time, resources, and can hold onto their tokens long-term.

What's more awkward is that many on-chain data tools and tagging systems are still criticized for being outdated or even misleading. Everyone's judgment of "who is voting and what they are voting for" isn't very reliable, and delegated voting feels more like blind delegation. I can only honestly keep track of the process: record before and after delegating, review the voting history after some time, and if something's off, revoke the delegation and reclaim the authorization. Anyway, I don’t chase after the latest trends, but seeing governance turn into a oligarch club… it’s still a bit frustrating.