The lack of meaningful governance activity in this governance delegate model and the cartelization/oligopoly around grants reminded us of a good old article: Lisk - the mafia blockchain.
We see similar things happening in Optimism right now with a few delegates & projects consolidating power while driving away all sorts of other (potential) contributors & stakeholders.
Copy pasting # Conclusion
Our analysis has shown that DPoS networks can be very fragile constructs. In this the incentives between participating parties need to be balanced and adjusted, if necessary, to reach as high a degree of decentralization (or: optimal ecosystem efficiency & output) as possible.