LobbyFi’s rationale on the price and making the voting power available for sale for this proposal
Since the candidates have been pre-approved by the Foundation (see post Update on OAT Elections’ Candidate Eligibility Evaluation phase), we regard this proposal as secure enough to go live on LobbyFi. We will therefore make the voting power available for 1 (one) candidate only, without voting power splitting. To encourage the community to amplify their choice in this important election, we will make the auction available, where, following the winner-takes-all principle, the pool that will gather the highest amount of ETH will get 100% of the VP. Also, we must stress that the bids that are made for an option that will not turn out to be the highest can be withdrawn.
The potential upside for a candidate is the term’s compensation ($7.5k * 12 months ~ 47.1 ETH) and the bonus at current prices (100k ARB ~ 18.7 ETH) → ~ 66 ETH per candidate. LobbyFi will charge a flat 5 ETH for an instant buy, meaning that the auction may be won with 0.5 ETH and upwards, by the largest pool; otherwise, a vote equal to abstain will be cast.