What Is the Risk of a Protocol Being ‘Too Minimal’ in Its Governance Capabilities?

A protocol that is too minimal might lack the necessary mechanisms to adapt to changing market conditions, fix unforeseen bugs, or implement critical security upgrades. While immutability is secure, a total lack of governance can lead to obsolescence or a permanent vulnerability if a major exploit is discovered.

It creates a trade-off between security from governance abuse and the ability to evolve.