These days, I’ve seen a bunch of "one-click participation in governance through delegated voting," basically handing over your vote to a few seemingly professional people, and then they go to coordinate with the project team, secure resources, and continue acting as "representatives." Who does governance tokens actually govern? Most likely it’s an illusion for retail investors: I have a vote = I have a say... but the result is that oligarchic control becomes even smoother.

Not to mention the on-chain sorting/MEV system, retail investors complain that validators’ income is getting fatter and fatter, while they still have to refresh/retry madly on the front end, queue up for confirmation, only to find that the voting weight you cast doesn’t even make a splash. Anyway, whenever I see the words "governance," I frown first. If I really want to vote, I only choose proposals I can understand; I ignore the rest as if I didn’t see them.