Lately, I've been looking at governance voting, and the more I watch, the more it seems like "delegated voting = handing over the remote control to someone else to press." They say it's community governance, but in the end, it's usually just a few big addresses / market-making related people nodding at each other. No matter how beautiful the proposals are written, they only govern liquidity and queueing interests, with retail investors mostly just as background scenery. On the macro side, there's also chatter about easing expectations, the US dollar index rising and falling with risk assets. Anyway, when sentiment is emotional, it's even easier to delegate your votes along with it, saving trouble but at what cost... you know what I mean.

Why can I stay calm? Just one habit: before voting, I check the unlock/release calendar and see who is collecting delegated votes. If I can't figure it out, I don't vote or delegate. Don't treat "participation" as a get-out-of-jail-free card. That's all for now.