Lately I've been looking at governance voting, and the more I watch, the more it seems: tokens are said to be "everyone deciding together," but in reality, it all ends up being a few delegated voters nodding... I can understand why ordinary people are too lazy to research proposals; anyway, once you've voted, there's not much you can change, so they just delegate to the "reliable-looking" address. As a result, delegation becomes more concentrated, and oligarchization quietly emerges. What's more awkward is that the combined yields from staking/sharing security are criticized as "nested dolls," and I feel governance is a bit like nested dolls too: power stacking on a few people, risk being borne by the majority. My friend also asked me, "Aren't you a market maker? Why do you care about voting?" I can only say... parameters can be adjusted, rules can't be changed; just don't casually hand over your own votes.