L2ArbitrageTrader

I started recording which L2 each bridge token goes to, and which governance votes I casually participated in (mostly delegated to addresses that look "very professional").
The more I kept track, the more uncomfortable I felt: governance tokens are said to be "community co-governance," but in reality, many times my small votes are automatically collected by a few large accounts.
Honestly, it's about controlling voting power, not the product itself.
I can perceive the low bridge fees and fast block times, but who is behind the scenes setting parameters or changing incentives?
I often on

BLUR rebounds; don't chase high. It's more comfortable to buy during the pullback into the demand zone.

Achieving the second target = a milestone victory, but the market doesn't show mercy; managing positions is the most important.

This phrase "Charge!" is so rallying that I directly repost to give support.

I'm now checking whether the project is seriously working, rather than first looking at the narrative, but instead focusing on the pace of treasury spending: is the money allocated per milestone one by one, or is it a lump sum transferred to a bunch of "consultants/BD/marketing" with nothing clear? To put it simply, if they can break down the budget into specific deliverables (such as bridging, wallet integration, how to phase out liquidity subsidies, launch schedule), at least the team’s mind is still on it.
There was a previous treasury proposal for a chain that I really couldn't understand;

Recently, I've been looking at a few L2 governance votes again. To put it simply, many of them are "delegated voting" with a single click, handing over power to big players/institutions, saving oneself trouble. But the more convenient it is, the more it seems like we're nurturing oligarchs... Who exactly is governance tokens governing? It feels like in the end, they're governing retail investors' emotions: if you don't participate, you're represented; if you do, you're affected by information asymmetry. Especially lately, some places are raising taxes or tightening regulations, then loosening