These days, I've been looking at governance votes for a few protocols again, claiming to be "community co-governance."

But in the end, half of the votes are delegated, and basically, a few big players plus some "celebrity proxies" are making the decisions.
Who exactly is the governance token governing?
Honestly, it's the right to interpret the rules, not someone like me holding a few hundred or thousand tokens.

What's more awkward is that many people are too lazy to even check who they are voting for, defaulting to a quick delegation check.
Oligarchic control didn't happen overnight; it was gradually cultivated by everyone trying to save effort.
Recently, on-chain data tools and tagging systems have been criticized for lagging behind or even being misleading.
I’m even less willing to draw conclusions just from labels like "this address is a fund/team," because it might be A today and change its guise tomorrow.

What I fear most isn't losing money, but losing control:
Rules being changed by others while I think I’m participating.
Anyway, there are only two things I can do now:
Don’t blindly delegate to what I don’t understand, keep my position small, and prioritize survival.