Lobby Finance - no central organization It is proud to "exert pressure on DAO governance" The highest delegate of Arbitrum (ARB) has become the highest representative.

In what resolution Paulo Fonseca delegate Describing xPreviously, Twitter, as the "largest governance step so far", Lobby Finance suddenly became the highest developer of the independent decentralization organization (DAO). together One treatment on the seriesLobby Finance has gained control of the voting power of 20.54 million ARB icons.

Arbitrum governance data shows that this places the decentralized lobby in the first place among DAO representatives. The organization now controls 20.65 million ARB votes, equivalent to 0.2 of all possible votes.

And to put this in the context, the last two proposals obtained 210.65 million and 193.44 million votes, respectively. The current voting power of Lobby Finance is 9.8% of the last vote and 10.67% of the vote before it.

It can be said that Arbitrum is one of the best L2 protocols for ETAREUM (ETH). The system is usually It processes more than 1.5 million transactions per day A record number of about 5.1 million was recorded at the end of 2023. The changes made on the protocol by Arbitrum Dao are determined, a decentralized organization that allows ARB holders to vote. For each Dao, one ARB is equivalent to one voice.

Like many other independent decentralized organizations, Arbitrum Dao does not expect every distinguished symbol holder to keep pace with the proposals that are voted or be technical enough to understand them. For this reason, the system allows users to pledge their votes for delegates who receive a wage in exchange for their reading and understanding and make informed decisions on their behalf.

Lobby Finance has been created as one of these delegates. But it has since taken the additional step of Create a website on the Internet Users are allowed to buy votes and influence the possibilities of proposals in favor of their favorite choice. Users who delegate their distinctive symbols are compensated for the service.

Arbitrum is not the only dao on which the system has been executed, as Lobby Finance also has more than 2.3 million votes in Blast Dao, 190,000 in ZKSYNC DAO, approximately 28,000 in Optimism Dao, and more than 24,300 in Manta Dao and 890 in Dao. DAO scroll. The choice clearly shows the preference of the second layer protocols, with the universe of the Manta Dao, the only one who is excluded from this classification.

In its sales The stadium for potential commissionersLobby Finance wrote that it allows the generation of the return without locking the distinctive symbols and promises that increasing participation in governance will lead to high prices of distinctive symbols. The organization explains how to buy sounds: customers can choose immediate purchase, as sounds are made immediately, or participate in an auction.

In auctions, customers funded two groups, and after the auction ends, the winning group is voted. Several users can participate in either of the two groups.

Modified by Stacy Elliot.