I am just trying to understand how the concept of governance tokens on DeFi platforms makes any sense over just allowing users to have governance votes based on the liquidity they have provided to the platform.

Why are arbitrary tokens necessary for this process other than to pump out another pointless shitcoin onto the market?

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edit: Further, could this not be misused and somebody buy up a significant percentage of the governance tokens and liquidate all assets to themself? I understand the concept of DeFi, but by attempting to remove liability and subvert regulations what is to stop a bad actor from underhandedly coming in and obtaining the governance rights to take such an action? Somebody with no liquidity stake in the game can come in, buy up governance tokens, and take whatever actions they want.