Foresight News: Optimism has announced a partnership with Base, focusing on two main components: protocol management, involving a joint commitment to OP Chains upgrades and sequencing rules, and economics and governance, including cost-sharing with the Optimism Collective and granting long-term tokens to Base.
Regarding protocol management, if the proposed 'Law of Chains' framework launched by Optimism last month is approved, the responsibility for executing upgrades to Base, OP Mainnet, and other OP chains will be transferred to a decentralized security council. The foundation aims to submit a governance proposal to implement this transition by early 2024. Before the adoption of the Law of Chains, Base and OP Mainnet will also share upgrades.
Concerning economics and governance, transaction revenues from Base will be split and directed to the Collective through on-chain contracts. Specifically, the larger amount between 2.5% of Base sequencer's total revenue and 15% of Base on-chain sequencer's net revenue (L2 transaction revenue minus L1 data submission costs) will belong to the Collective. Optimism envisions this structure as a 'blueprint' for all Superchain members, enhancing the sustainability of shared infrastructure.
The Optimism Foundation has also provided Base with the opportunity to earn up to approximately 118 million OP tokens over the next six years, aimed at retroactively rewarding Base for its contributions to the expansion of Ethereum and the OP Stack.
