Cooperation between Base and the Optimism Collective
Base, a Layer 2 chain on Ethereum backed by Coinbase, is partnering with the Optimism Collective to establish a revenue and governance sharing agreement. As part of the agreement, Base will contribute a portion of its revenue or net profits to the Optimism Collective and, in return, will receive OP tokens over six years. The collaboration aims to ensure compatibility and interoperability between Base and OP Mainnet, with upgrades being determined by Optimism governance.
Decentralization and Security
Base is also focused on decentralizing its network to enhance security and uptime. The team plans to implement fault proofs and clients, along with a “security council” for secure upgrades. They are also developing “Pessimism,” a real-time monitoring tool for detecting cybersecurity threats. Base is working with OP Labs on a fault-proof client called OP-geth to minimize network failure risks.
Hot Take
This partnership between Base and the Optimism Collective highlights the importance of collaboration in the crypto space. By sharing resources and expertise, they can improve the efficiency and security of their respective networks. It also demonstrates the growing interest in Layer 2 solutions and the potential for greater decentralization in the future.
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