Recently, I saw projects calling on everyone to delegate voting, basically saying "if you're too lazy to vote, just hand it over to me."


At first, I thought it was quite convenient, but the more I thought about it, the more uncomfortable I felt: is governance tokens really about "governing the protocol," or about managing the attention of a group of retail investors?
Votes are concentrated in the hands of a few big players/institutions, the proposals look very democratic, but it’s really like a meeting of oligarchs—I'm just a small fish, mostly watching and applauding.

The macro side is also quite surreal; when expectations of interest rate cuts come, the dollar index and risk assets can both rise and fall together, and people argue about it for a long time. When emotions run high, everyone chases hot topics, and governance becomes even less managed.
Anyway, my current approach is: if I can vote myself, I vote myself; if I really don’t understand, I don’t delegate—better to earn a little less than hand over the steering wheel… that’s how it is for now.
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