What are the risks?
One of the key advantages of delegating to LobbyFi is the minimal risk involved. When you delegate your voting power, you are essentially utilising the original "delegate" function of the governance token. This function simply transfers the voting power to the delegate (in this case, LobbyFi) without affecting the ownership, physical custody, or liquidity of your tokens.
Here's a breakdown of the key risk factors and why they are mitigated:
Retention of Ownership: You retain full ownership of your tokens throughout the delegation process. LobbyFi does not gain any ownership rights over your assets.
Retention of Custody: Your tokens remain securely in your wallet, even after delegation. LobbyFi does not have access to your private keys or the ability to move your tokens.
Retention of Liquidity: Your tokens remain liquid and can be freely transferred or traded at any time, even while they are delegated to LobbyFi.
Revocable Delegation: You can withdraw your delegation at any point in time, regaining full control over your voting power.
In essence, delegating to LobbyFi is a risk-free way to participate in DAO governance and earn rewards. You maintain full control and ownership of your tokens while benefiting from the platform's innovative features and services.
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