Recent governance issues feel a bit awkward: it’s said that delegated voting is supposed to ease the worries of small investors, but in the end, only a few big accounts hold the real power, and who exactly the governance tokens are “governing”… Sometimes it’s like a company meeting, everyone hands their votes to the most vocal speaker, eventually turning into a oligarchic automatic system.

What’s more annoying is that the tags on on-chain data tools are also criticized for being outdated or even misleading. I don’t dare to fully trust the dashboards I see myself. There’s too much information, which really causes some anxiety. My current filtering method is quite crude: I only focus on two or three long-term addresses/protocols’ actual actions (whether they keep adding or withdrawing funds, where the money is coming from and going to), then quickly compare with the proposal text. The rest of the noise I’ll just ignore for now, that’s how I do it.