Recently, when looking at governance voting, it’s becoming more and more like "delegated voting + circle of acquaintances" in operation. To put it simply, who the token is governing... Sometimes it’s not about governing the protocol, but governing emotions. Everyone delegates their votes to a few big accounts to save trouble, but by the time the proposal discussion is over, the direction has already been locked in, and the remaining people are just venting in the comment section.

These days, I’ve been checking the unlock calendar again. When staking unlocks, the selling pressure and anxiety are everywhere. I understand, but what’s more worrying is: voting power is also becoming concentrated. What’s being unlocked isn’t chips, but voice. Audits, permissions, who the executors are—these “boring details” are actually being ignored.

I no longer believe in “just delegate to experts anyway.” Now I’d rather vote fewer times but make sure I understand the proposal summary: where the money comes from, who has the authority, how to withdraw... for now, that’s enough.