Recently, I took another look at governance voting, and the more I looked, the more it seemed like "delegated voting = handing over the remote control to someone else"… To put it simply, tokens belong to everyone, but only a few big whales can press the buttons. In the end, who does the proposal really govern? Sometimes it's not even conspiracy theory; when more people are too lazy to vote / can't understand / find it troublesome, power naturally accumulates in a few addresses, and oligarchization happens just like that. On the macro side, they’re still discussing interest rate cut expectations, the US dollar index, and risk assets fluctuating wildly. I, on the other hand, care more about: when market sentiment heats up, people are less willing to care about governance, the hotter it gets, the more it’s left to chance. There are many tutorials, but I actually only like those that clearly map out the delegation chain and the incentive relationships… Otherwise, my votes are like stamping someone else’s script. Anyway, I’ll first withdraw some of the delegation, leaving room for manual voting, so at least I’ll understand my losses if I lose.