Lately, I’ve been feeling a bit powerless when it comes to governance voting… A bunch of people say “the community decides,” but when I click in, most of the delegated votes are concentrated in just a few addresses. No matter how beautifully the proposals are written, it feels like asking: who does the governance token really serve? The protocol, or the big holders’ convenience?

On the other side, public opinion links ETF capital flows, U.S. stock market risk appetite, and crypto price fluctuations, basically trying to find a narrative that explains the volatility. But governance is more like a chronic issue: when prices go up, no one cares; when they fall, only then do people start calling for votes.

If I hadn’t been lazy and casually delegated my votes earlier, I might have taken a closer look at the proposals… Now I’ll just continue to take a laid-back approach, rebalance as planned, and vote myself whenever I can. That’s all for now.