Recently looked into the governance voting records of several blockchain games/NFT projects, and the more I look, the more it seems like “delegated voting = lazy person's blessing = oligarch accelerator.” Honestly, for someone like me who works during the day and patrols at night, there’s no time to study proposals every time. Delegating a vote feels like fulfilling my duty, but gradually the voting power accumulates in a few big accounts, and who exactly is the governance token really governing… maybe it’s just my self-comfort.

What’s even more mysterious is that outside, people are arguing about rate cut expectations, and when the US dollar index moves, risk assets follow the same up and down. But on-chain, it’s like a different macro system: just a few addresses shifting votes, and the rules can change. Anyway, I’ve become more cautious about buying governance-related tokens now. Even when impulsive, I leave a stop-loss to prevent ending up just fueling the “agents” with more voice.