# Paulo Fonseca – 10% Delegatoooor Kickback Program **URL:** \ **Category:** Delegate Statements\ **Tags:** delegation, governance, delegate-statements\ **Created:** [January 27, 2025, 7:52am UTC](https://forum.arbitrum.foundation/t/paulo-fonseca-10-delegatoooor-kickback-program/28271 "2025-01-27T07:52:06Z")\ **Posts on this page:** 8\ **Page:** 1
**Author:** ![paulofonseca](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/paulofonseca/32/15551_2.png) [@paulofonseca](https://forum.arbitrum.foundation/u/paulofonseca)\ **Post date:** [January 27, 2025, 7:52am UTC](https://forum.arbitrum.foundation/t/paulo-fonseca-10-delegatoooor-kickback-program/28271/1 "2025-01-27T07:52:06Z")
> Update: This experiment ran from September 1st, 2024 to January 1st, 2026. You can see the results at [paulofi.vercel.app](https://paulofi.vercel.app). There will be **no more rewards after January 1st, 2026.** Thank you! ## **TL;DR:** By the end of each year, I pledge to pay every wallet that delegates ARB to me, a share of 10% of all the money I earn in that year, that originates from Arbitrum DAO. I quit my job at the end of June 2024 and decided to participate in [GovHack Brussels](https://forum.arbitrum.foundation/t/govhack-ethcc-brussels-2024-impact-report-hack-humanity/26530) the following week, where me and @andreiv submitted [a proposal](https://forum.arbitrum.foundation/t/arbitrum-proposals-app-govhack-brussels-winner/25370) for how [proposals.app](https://proposals.app) could help the governance processes in Arbitrum DAO. We ended up [winning the GovHack](https://x.com/HackHumanityCo/status/1829171070651511270), and then in October 2024 got awarded [a grant](https://questbook.app/dashboard/?grantId=662f31c25488d5000f055a54&chainId=10&proposalId=66eda59a8868f5130a656e1f&isRenderingProposalBody=true) from the Questbook New Protocols and Ideas domain. Given all of that, I decided to become an active delegate in Arbitrum DAO in the middle of September 2024, and ever since, I have been reading every proposal in the forum, attending almost all the calls in the governance calendar, endlessly chatting in the delegates telegram group and actively contributing to its regular Friday chaos, and much more. At the beginning of November 2024 I gave a workshop about DAOs, governance and the Arbitrum DAO in [the first Arbitrum Stylus Hackathon](https://forum.arbitrum.foundation/t/final-report-arbitrum-workshop-and-hackathon-in-bucharest-romania/27478) in the world, that took place in Bucharest, and I’ve also been paid monthly by the new version of the Delegates Incentive Program for my delegate activity in the months of November and December 2024. You can see how I ranked amongst the other delegates in [this dashboard](https://arbitrum.karmahq.xyz/delegate-compensation?month=december&year=2024), in each of those months. I think it’s pretty clear that I’ve demonstrated that I want to be an Arbitrum DAO Delegate for the long run and that I’ve been quite active in Arbitrum DAO. And that’s because I deeply believe that this is the [biggest actual DAO in the whole world](https://x.com/paulofonseca__/status/1881011929889771685) and I want to dedicate myself to contribute to it for the foreseeable future. Both by building [proposals.app](https://proposals.app) to serve Arbitrum DAO, and by being a very active delegate. But… despite all my past contributions, it has been really hard to get more tokenholders to delegate their voting power to me. This is for a myriad of reasons, but [this post](https://forum.arbitrum.foundation/t/arbitrum-daos-delegate-engagement-apathy-determent-program-arb-dao-dead-program-pilot/27682) details most of the main ones. So for the past several weeks, I’ve been thinking about actively doing something about this. _And it’s time for me to put my money where my mouth is._ Introducing… the **10% Delegatooor Kickback Program**. Since I am the only delegate in Arbitrum DAO who has [voluntarily disclosed all of my earnings](https://forum.arbitrum.foundation/t/paulo-fonseca-voluntary-earnings-disclosure-thread/27030) that originated from the Arbitrum DAO treasury, I’m now publicly pledging that at the end of each year, I will pay every wallet that delegates voting power to me a proportion of 10% of all of my earnings for that year. Here’s how it’s going to work: 1. If you have ARB tokens, you can delegate or redelegate them to me, [here](https://arbitrum.karmahq.xyz/profile/paulofonseca.eth#overview). 2. Then I will use the voting power you entrusted in me, to [vote in every proposal](https://forum.arbitrum.foundation/t/paulo-fonseca-delegate-communication-thread/26656), with a careful vote rational and to participate in all delegate activities in the DAO, making my most honest contributions to improve Arbitrum DAO and to honor the voting power you’ve entrusted in me. 3. Every time I earn money that originated from the Arbitrum DAO treasury, I will report it in [this Voluntary Disclosure forum thread](https://forum.arbitrum.foundation/t/paulo-fonseca-voluntary-earnings-disclosure-thread/27030). 4. I will also immediately transfer 10% of each payment I receive to [this 3 of 4 multisig](https://arbiscan.io/address/0x76E8Dd748c91D6b1Ac2feEB3cef40Db04aCF0eca) where the signers are me, [@cupofjoseph](https://forum.arbitrum.foundation/u/cupojoseph/) and [@emjicy](https://forum.arbitrum.foundation/u/emjicy/summary). As you can see, this multisig already has 10% of [all my previous earnings](https://forum.arbitrum.foundation/t/paulo-fonseca-voluntary-earnings-disclosure-thread/27030) since I started contributing to Arbitrum DAO, in July 2024. 5. At the end of each year, I will calculate what was the overall share of voting power each delegatooor entrusted in me, and that I used to cast my votes on every offchain and onchain Arbitrum DAO proposal. 6. Then I will split the amount in the multisig proportionally and transfer each proportional share to every wallet that has delegated ARB to me, during that year. Here’s a concrete example, let’s imagine that at the end of the year, I’ve received delegation from 3 wallets: - Alice’s wallet has delegated **20 ARB** (aVP) to me, that I used to cast **10** votes (aV) - Bob’s wallet has delegate **10 ARB** (bVP) to me, that I used to cast **5** votes (bV) - and Charlie’s wallet has delegated **100 ARB** (cVP) to me, that I used to cast **1** vote (cV) Each delegatooor’s share will be calculated like this: - Alice’s share is **57.14%** of my overall casted voting power in the whole year. (aVP \* aV) / ( (aVP \* aV) + (bVP \* bV) + (cVP \* cV) ) = 57.14% - Bob’s share is **14.29%** of my overall casted voting power in the whole year. (bVP \* bV) / ( (aVP \* aV) + (bVP \* bV) + (cVP \* cV) ) = 14.29% - and Charlie’s share is **28.57%** of my overall casted voting power in the whole year. (cVP \* cV) / ( (aVP \* aV) + (bVP \* bV) + (cVP \* cV) ) = 28.57% So finally, if by the end of the year, there is a total of **500 ARB** in the multisig: - Alice’s wallet receives **275.81 ARB** , which is 57.14% of all funds in the multisig - Bob’s wallet receives **71.43 ARB** , which is 14.29% of all funds in the multisig - Charlie’s wallet receives **142.86 ARB** , which is 28.57% of all funds in the multisig That’s it! 😎 [Here is an example](https://docs.google.com/spreadsheets/d/1wzjrIkzVf3bCED0bfTnns2oYppAJ5nrh_ggNyHUVmOM/edit?usp=sharing) spreadsheet that you can copy and play around with the amounts in the stroked boxes, to see how this would work in more detail. _ **If you have ARB tokens that you are currently delegating and getting zero returns on, or ARB tokens that you are thinking about delegating for the first time, I would be honored to represent your voting power in Arbitrum DAO, and I will even pay you a proportional share of 10% of my earnings for the trust you’ve put in me, by being my precious delegatooor.** _ # ➔ Delegate ARB to paulofonseca.eth [here](https://arbitrum.karmahq.xyz/profile/paulofonseca.eth#overview) or [here](https://www.tally.xyz/gov/arbitrum/delegate/paulofonseca.eth) Thank you anon! # FAQ > **Why 10%, especifically?** > > Because it’s a nice round number and easy to calculate, but also because historically, 10% has been the percentage for paying tithe. > **How do I know that the delegatooors will actually get paid at the end of the year?** > > Well, you don’t really… You would have to trust that the payments really get made at the end of year. And you would have to trust that I keep transferring 10% of each received payment, into the multisig. The funds are in a 3 of 4 multisig controlled by me, Paulo, @cupojoseph and @emjicy. So you would have to trust that at the end of the year, we submit and sign the correct transactions. > **How much money exactly, will 10% of your earnings be, by the end of 2025?** > > I also don’t know. Right now is a bit over $2000 USD, and I will probably be getting paid from the Delegate Incentive Program somewhere between $5000 and $7000 USD a month for as long as the program will be active. Then, there’s probably other sources of earnings like participating in working groups in the DAO, and the share of money I personally receive from grants that proposals.app would get from Arbitrum DAO. ---
**Author:** ![dennison](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/dennison/32/13494_2.png) [@dennison](https://forum.arbitrum.foundation/u/dennison)\ **Post date:** [January 27, 2025, 2:56pm UTC](https://forum.arbitrum.foundation/t/paulo-fonseca-10-delegatoooor-kickback-program/28271/2 "2025-01-27T14:56:46Z")
This is awesome, and can be done with Staker! Actually- if we deploy a Paulo specific staker, everyone stakes into Paulo, then the rewards come and get shared. This is super exciting. ---
**Author:** ![0xDonPepe](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/0xdonpepe/32/5989_2.png) [@0xDonPepe](https://forum.arbitrum.foundation/u/0xDonPepe)\ **Post date:** [February 13, 2025, 9:41pm UTC](https://forum.arbitrum.foundation/t/paulo-fonseca-10-delegatoooor-kickback-program/28271/3 "2025-02-13T21:41:35Z")
I think this is a cool experiment. Just threw 12k ARB your way, so you better pump my froggy bags, 'cause I’m riding high on $PAULO vibes! 🐸💸 ---
**Author:** ![paulofonseca](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/paulofonseca/32/15551_2.png) [@paulofonseca](https://forum.arbitrum.foundation/u/paulofonseca)\ **Post date:** [February 14, 2025, 7:20am UTC](https://forum.arbitrum.foundation/t/paulo-fonseca-10-delegatoooor-kickback-program/28271/4 "2025-02-14T07:20:56Z")
LFG!!! =) Your voting power was already put up to [good use](https://signator.io/ipfs/bafkreiepzk7sz35xp3uuumpyi4psoiy23433hne4flsyc3y75skfsamzaa) ser! And you’re already getting that juicy yield! Thank you for the trust @0xDonPepe! ---
**Author:** ![paulofonseca](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/paulofonseca/32/15551_2.png) [@paulofonseca](https://forum.arbitrum.foundation/u/paulofonseca)\ **Post date:** [January 1, 2026, 11:14pm UTC](https://forum.arbitrum.foundation/t/paulo-fonseca-10-delegatoooor-kickback-program/28271/5 "2026-01-01T23:14:49Z")
it’s a new year and this experiment is now over. results will be computed soon and rewards will be distributed before the end of January for those delegators that want to claim them. thank you all for participating. ---
**Author:** ![paulofonseca](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/paulofonseca/32/15551_2.png) [@paulofonseca](https://forum.arbitrum.foundation/u/paulofonseca)\ **Post date:** [January 6, 2026, 10:17pm UTC](https://forum.arbitrum.foundation/t/paulo-fonseca-10-delegatoooor-kickback-program/28271/6 "2026-01-06T22:17:18Z")
Fellow delegators! here are the results! 👉 [paulofi.vercel.app](https://paulofi.vercel.app) ![paulofi preview](https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/original/3X/d/c/dc62d715d66b36fb4fff2c364d2ab2855a8863be.gif) I’ve reached out to most delegators that I personally know to ask if they want to claim their share of rewards, or if they want to “donate” them back to me so that I can continue to run DAO governance experiments like this. | Delegator | ARB | USDC | Wants to claim? | | --- | --- | --- | --- | | `0xf6b6f07862a02c85628b3a9688beae07fea9c863` | 5,350.900342 | 1,301.564627 | NO | | `0x076ea7620320c69cefd8d58c582e36ff54683d0e` | 2,824.686550 | 687.082895 | NO | | `0x63ce15c9284ad87ed8a9e56e689b6479bb652489` | 364.108677 | 88.566586 | YES | | `0x59f4b446183981caa70a3fad693ca91aca1a25c3` | 323.417361 | 78.668742 | NO | | `0x1dd5c3be2ee00756c145dbb5348e85b2ccc6e23f` | 288.826175 | 70.254707 | NO | | `0x76e8dd748c91d6b1ac2feeb3cef40db04acf0eca` | 204.768867 | 49.808424 | NO | | `0x05a4ed2367bd2f0aa63cc14897850be7474bc722` | 116.076227 | 28.234634 | NO | | `0x00ced448862356cb11ed3d5524ee7bae29a50d36` | 25.416090 | 6.182265 | NO | | `0xe594469fde6ae29943a64f81d95c20f5f8eb2e04` | 17.766965 | 4.321675 | NO | | `0x746bb7befd31d9052bb8eba7d5dd74c9acf54c6d` | 15.750726 | 3.831241 | YES | | `0xa93ae3a2ce1714f422ec2d799c48a56b2035c872` | 5.599919 | 1.362136 | NO | | `0x136b7f12cfe690c2aa3ae23f34780f45352557fa` | 3.382289 | 0.822715 | unknown | | `0xa2944098ee88b83b10f13194afcbf1d72916c58b` | 2.076318 | 0.505048 | YES | | `0x4ab879c177e8db547564a7e2fadc20c431b83619` | 2.022076 | 0.491854 | YES | | `0x136245d2a7a66d7a6188b7db40378645a9e69fe2` | 0.701372 | 0.170603 | YES | | `0xe459ae0dc31194fa0fd626020a25d9a1cef0047d` | 0.541828 | 0.131796 | no reply | | `0x4e26fc6eb05a1cdbd762609fde9958e5b8cc754d` | 0.000217 | 0.000053 | no reply | Until January 12th at 00:00 UTC, I will update this table above with the answers from those delegators I’m still waiting an answer for. In the meantime, I will submit the transactions in the multisig to transfer the rewards to those delegators that have said they want to claim the rewards, and then, after January 12th, I will submit another transaction to transfer all of the remaining and unclaimed funds in the multisig to my public wallet, paulofonseca.eth (`0xE594469fDe6AE29943a64f81d95c20F5F8eB2e04`). The code for this dashboard is open source and is available [here](https://github.com/paulofonseca1987/paulofi). Also, the final results can be both exported from the app and be seen in .csv format [here](https://github.com/paulofonseca1987/paulofi/blob/3606e88d56d913575461ac3ac2a76e07626b78f0/data/delegator-rewards.csv). Thank you all! ---
**Author:** ![0xDonPepe](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/0xdonpepe/32/5989_2.png) [@0xDonPepe](https://forum.arbitrum.foundation/u/0xDonPepe)\ **Post date:** [January 8, 2026, 10:01pm UTC](https://forum.arbitrum.foundation/t/paulo-fonseca-10-delegatoooor-kickback-program/28271/7 "2026-01-08T22:01:43Z")
I was one of the delegators who routed to Paulo’s 10% kickback program. Honestly it was a cool experiment, and on top of that it outperformed returns from my stablecoin portfolio over the same time period, which was a pleasant surprise. Props to Paulo for running something transparent and sharing results back with us. Looking forward to seeing how these kinds of incentives evolve! ---
**Author:** ![paulofonseca](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/paulofonseca/32/15551_2.png) [@paulofonseca](https://forum.arbitrum.foundation/u/paulofonseca)\ **Post date:** [January 13, 2026, 1:58am UTC](https://forum.arbitrum.foundation/t/paulo-fonseca-10-delegatoooor-kickback-program/28271/8 "2026-01-13T01:58:24Z")
Fellow delegators! all of the transactions were executed today! Transferred 364.108677 ARB + 88.566586 USDC to `0x63ce15c9284ad87ed8a9e56e689b6479bb652489` [here](https://arbiscan.io/tx/0x16cb40da76dfb077108f8c3633a6078272c44fbbdfd9d1e8e8e407de2c5dc75d). Transferred 15.750726 ARB + 3.831241 USDC to `0x746bb7befd31d9052bb8eba7d5dd74c9acf54c6d` [here](https://arbiscan.io/tx/0x08642f6767abfc82e55396b96478a07e5c74bc4189d7f003c1f65a2b75637c76). Transferred 4.799766 ARB + 1.167505 USDC (which is the sum of rewards for addresses `0xa2944098ee88b83b10f13194afcbf1d72916c58b`, `0x4ab879c177e8db547564a7e2fadc20c431b83619`, `0x136245d2a7a66d7a6188b7db40378645a9e69fe2`) to `0xa2944098ee88b83b10f13194afcbf1d72916c58b` [here](https://arbiscan.io/tx/0x16cb40da76dfb077108f8c3633a6078272c44fbbdfd9d1e8e8e407de2c5dc75d), since all 3 of these delegator addresses belong to the same person. Then, the remainder of the unclaimed funds was transferred to my public wallet [here](https://arbiscan.io/tx/0x609874d0c678b73a15ec159a3351d67644f92604790c424ab9fa67a15f2cf1c8). Thank you all and specially to all my delegators and to fellow multisig signers @cupojoseph and @emjicy for being along on this ride!