Lobby financing – A decentralized organization that is proud of “Binging lobbyism to Dao Governance” – just became the top arbitrum (ARB) representative.
In some arbitrum delegated Paulo Fonseca on X, formerly Twitter, as ‘the largest administrative movement so far’, lobby financing suddenly became the best representative in Arbitrum’s Decentralized Autonomous Organization (DAO). With a single on-chain transaction, Lobby Finance got control over the voting capacity of 20.54 million ARB tokens.
The Arbitrum board data shows that this places the decentralized lobby in the first place among the DAO delegates. The organization now checks the votes of 20.65 million ARB, equal to 0.2 of all possible votes.
Ok … story time … a story about what I believe it is the greatest governance that has been going so far. https://t.co/8bessnhaye
– Paulo Fonseca (@paulofonseca__) January 25, 2025
To bring this into context, the last two proposals received 210.65 million and 193.44 million votes respectively. The current voting capacity of Lobby Finance is equal to 9.8% of the last vote and 10.67% of the before this.
Arbitrum is perhaps one of the top L2 protocols from Ethereum (ETH). The system usually processes more than 1.5 million transactions per day and has a record high of nearly 5.1 million reported at the end of 2023. Changes made in the protocol are decided by the ARBitrum DAO, a decentralized organization with which ARB holders can do to vote. According to the DAO, one ARB is equal to one voice.
Just like many other Daos, the arbitrum Dao does not expect that every token holder keeps track of the proposals being voted or technical enough to understand them. For this reason, the system enables users to promise their voice to representatives who are paid to read, understand and take informed decisions on their behalf.
Lobby financing was set up to act as one of those delegates. But since then it has become an extra step to create a website with which users can buy votes and influence the opportunities for proposals in favor of their preferred option. Users who delegate their tokens to the service are compensated.
Arbitrum is not the only DAO on which the system was implemented, whereby lobby financing also more than 2.3 million votes in the blast DAO, 190,000 in the ZKSYNC DAO, almost 28,000 in the optimism Dao, more than 24,300 in the Manta Dao and 890 in The Manta Dao and 890 in the Manta Dao and 890 in the Manta Dao and 890 in the Manta Dao and 890 Scroll Dao. The selection clearly shows a preference for low two protocols, with the Manta Dao Decentralized Finance (Defi) protocol the only one excluded from this classification.
In his sales pitch to potential delegators, lobby financing wrote that it makes it possible to generate yields without locks and promises that increased participation of the board will lead to higher token prices. The organization explains how buying votes works: customers can choose to buy immediately, where the votes are cast immediately or to participate in an auction.
In auctions, customers finance two pools and after the auction votes are cast for the winning pool. Multiple users can participate in both Pools.
Published by Stacy Elliott.
