Lobby Finance — a decentralized organization priding itself on “binging lobbyism to DAO governance” — just became the top Arbitrum (ARB) delegate.

In what Arbitrum delegate Paulo Fonseca described on X, formerly Twitter, as “the biggest governance move to date,” Lobby Finance suddenly became the top delegate in Arbitrum’s decentralized autonomous organization (DAO). With a single on-chain transaction, Lobby Finance gained control over the voting power of 20.54 million ARB tokens.

Arbitrum’s governance data shows that this puts the decentralized lobby at the top spot among the DAO’s delegates. The organization now controls the votes of 20.65 million ARB, equivalent to 0.2