The governance layer faces a fundamental control problem. It doesn't even manage its own token contract—only the Foundation holds that authority. When it comes to proposals, again, the Foundation acts as the sole gatekeeper.

This isn't decentralization; it's the opposite. Power keeps concentrating rather than distributing. Real governance should mean the community can actually push back, but right now they can't. There's no meaningful mechanism to hold Labs or the Foundation accountable. That's the core issue.

If this pattern continues, governance becomes just a façade—the illusion of control without the actual substance.