How do I get paid?
Here's how it works:
1. Delegate Your Voting Power:
Start by delegating your governance tokens to LobbyFi. This doesn't mean giving up your tokens – they stay safely in your wallet. You're simply allowing LobbyFi to use your voting power.
2. Earn Rewards:
When LobbyFi utilises your delegated voting power in successful proposals' sales (via auction or instant buy), you earn a portion of the revenue generated.
The rewards are distributed proportionally to your share of the total voting power delegated to LobbyFi (snapshot at the relevant proposal, for the relevant governance token on a relevant chain). The more tokens you delegate, the greater your potential rewards.
3. Risk-Free Participation:
One of the key advantages of LobbyFi is that it allows you to earn rewards without risking your tokens.
Unlike other DeFi platforms that require you to deposit or lock up your tokens, LobbyFi only utilises your voting power, leaving your assets secure in your wallet.
4. Transparency and Automation:
The entire process is automated and transparent, ensuring fair and efficient distribution of rewards.
You can easily track your rewards through LobbyFi's user-friendly interface.
In essence, LobbyFi provides a simple and risk-free way for token holders to earn rewards by participating in on-chain governance.
By delegating your voting power, you not only contribute to the decision-making processes of your favourite DAOs but also generate additional income from your governance tokens.
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