Cardano and Solana just exposed crypto governance’s biggest weakness

Cardano and Solana are testing two competing approaches to on-chain governance, with one exposing the cost of voter absence and the other shifting more power to default representatives who may have their own economic interests.Cardano’s constitutional committee renewal requires separate approval from delegated representatives, or DReps, and stake pool operators. Solana instead allows validators to cast governance votes using the active stake delegated to them unless individual stakers override that choice.The distinction is becoming visible in simultaneous votes on both networks.Cardano faces the more immediate risk. An Aug. 26 snapshot showed support for its committee renewal below the required thresholds among both DReps and stake pool operators, creating the possibility that four committee terms expire without replacements.Solana reduces that kind of participation bottleneck by making validators default voting agents. But its current governance vote shows the tradeoff: stakers who do nothing effectively allow validators to exercise governance weight associated with their delegated stake, even when those validators may have financial interests affected by the proposal.Both system...