Governance Tokens Usually Lose Me. This One Made Me Curious.
I've been around long enough to remember when every protocol promised that governance would change everything.
People bought the token, voted a few times, then slowly disappeared. A few months later, most proposals were decided by a handful of wallets while everyone else moved on to the next narrative.
That's probably why Bedrock's BR locking model caught my attention.
From what I understand, locking BR isn't just about getting voting power. It also provides access to certain vault opportunities before they become widely available. The idea seems to be aligning governance participation with actual platform usage rather than treating voting as a separate activity.
On paper, that makes sense.
The real question, at least for me, is whether people stay engaged once the excitement wears off. Governance models often look strongest during growth phases. The harder test comes later, when incentives normalize and participation becomes a choice rather than a reward.
That's what I'll be watching.
Not just the amount of BR locked, but whether governance activity remains healthy, whether vault participation keeps growing, and whether users continue to see value in staying involved.
A lot of protocols can attract attention.
The interesting ones are the ones that can keep it.