👋Welcome to LobbyFi

LobbyFi is a dApp that introduces a new concept in DAO governance - GovernFi. It is a marketplace for governance voting power, enabling every governance token holder to "rent" their votes to interested buyers for financial compensation with no risks and trust needed in smart contracts. This approach effectively commodifies voting power, transforming it into a tradable asset within the ecosystem.

The problem:

• Lack of community governance participation: Many governance token holders do not actively engage in voting, leading to a low 5-10% participation rate in DAO decisions.

• Limited value and efficiency of governance tokens: Governance token holders face limited options for generating value from their tokens.

• Effective infeasibility for the community to influence a vote against an oligopoly: The presence of influential stakeholders or heavily delegated voters poses a risk to community governance.

The solution:

• Monetised delegations: LobbyFi incentivises users to delegate their voting power to the platform, thereby increasing on-chain participation rates.

• Riskless revenue for token holders: LobbyFi introduces a new revenue stream for governance token holders without requiring them to trust any new smart contracts.

• Democratised Lobbyism: LobbyFi democratises the influence of stakeholders by enabling anyone to participate in votes, regardless of their stake size.

Use cases:

• Incentivised proposals with monetary rewards: LobbyFi gives extra voting power to incentivised parties, making their voices louder in governance decisions.

• Community syndicate auction: When the community faces proposals from large stakeholders that go against the values of the DAO, LobbyFi introduces a community syndicate auction.

• Political decisions within the DAO: In certain DAOs, voting for DAO roles can become highly politicised and involve economic incentives. LobbyFi can address this by offering additional votes to parties seeking to bolster their influence in these elections.