A few days ago, I saw someone entrust all governance votes to a "community boss," claiming it was more convenient, basically just packaging their own voting power and sending it out... Then I looked on the blockchain, and a few addresses combined their votes to directly crush the rest, and the whole scene was applauding. Who governance tokens actually govern, I’m really a bit confused.



I’ve also fallen into this trap before: a project proposal written in fancy language, like "optimizing incentives" and "improving efficiency," I didn’t understand it but still blindly voted, only to find a week later that the floor liquidity was drained, and I realized that voting was just a formality, the direction had already been set. Now I have one principle: if I don’t understand it, I won’t act first, better to miss out than be the last to vote.

Recently, meme + celebrity shoutouts for attention rotation are even more exaggerated. When it’s hot, everyone acts like governance experts; when it cools down, only floor prices and silence remain... Anyway, I pick up leaks and miss out, never go all-in, especially on the self-comforting idea that "giving your votes to others = participating in governance." That’s all for now.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned