Governance token participation rates have dropped below 5% due to several factors. Voter apathy is widespread, as many token holders lack interest or incentive to engage in complex decision-making processes. The technical complexity of proposals often discourages participation, requiring knowledge most users don’t have. Additionally, token whales—large holders—dominate voting power, skewing outcomes and making smaller holders feel their votes don’t matter. This centralization undermines the decentralized promise of DAOs, rendering governance performative rather than democratic. Low direct rewards for voting and the time-consuming nature of staying informed further reduce engagement. As a result, participation dwindles, reflecting a disconnect between the ideal of community-driven governance and practical challenges in execution.
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I just collected "Farcaster: Lion"
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The calm, crystal-clear waters of a secluded bay are like a hidden treasure waiting to be discovered.
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