These past few days, watching governance voting made me laugh again: I, a small retail investor holding some governance tokens, say I participate in governance, but when I slip up, I still delegate my votes to those few addresses that look the most professional. To put it simply, in the end, it just becomes a small group of people nodding to each other, everyone clapping along, but who is the governance token really governing… I actually know I’m just trying to save effort, but every time I see the voting results being one-sided, I still feel a bit uncomfortable.

Plus, recently, the “compound yield” from staking and shared security has been criticized as a copycat scheme, and I get even more confused: on one hand, they say it’s to improve capital efficiency, but it’s like packing risk into a bigger box. Anyway, my current approach is pretty timid—spot trading for swings is fine, and I’ll vote on governance if I understand it, but if I don’t, I’ll stay out of it. Don’t FOMO for returns and also hand over your power casually.