Lately, I've been on-chain reviewing governance votes, and it’s starting to look more and more like pixelated little theater: a bunch of kittens raising their paws, and in the final shot, pulling back the camera, the arms of those few giant cats in the front row directly block the screen... Delegated voting is originally just for convenience, but honestly, it ends up being "hand your vote to the most vocal person," and who exactly the governance tokens are governing—I'm just a passerby watching from the sidelines, feeling a bit uneasy.

What's even funnier is that in the group, people keep reposting news about stablecoin regulation, reserve audits, and various rumors like "is it about to de-peg?" while everyone's emotions are being pulled like a stretched spring; meanwhile, governance proposals are written so beautifully, but the voting power is concentrated as if there's no distribution at all. Anyway, my current approach is pretty simple: I don’t just read the proposals for the words, I also casually check who’s voting and how the votes are flowing. If I can vote myself, I do, at least not leaving the whole story to the main characters.