Coinbase’s Base to Share Revenue with Optimism Collective in Pursuit of ‘Superchain Future’
Coinbase’s new Ethereum layer-2 scaling solution, Base, has announced that it will share its revenue with its development partner, the Optimism Collective. The Optimism Collective is involved in the governance of Optimism, another Ethereum layer-2. Base and the Optimism Collective have a shared vision for scaling Ethereum.
Key Points:
– The goal is to build a “Superchain future” where different chains and layer-2 solutions work together to scale Ethereum.
– This collaboration aims to create a consistent user experience and lay the foundation for a decentralized future.
– Base will contribute a percentage of its revenue from sequencing to the Optimism Collective, which will be allocated towards Retroactive Public Goods Funding or other ecosystem projects.
– The contribution will be either 2.5% of Base’s total revenue or 15% of the profit from L2 transactions after subtracting the costs of submitting data to L1.
– Base will also participate in the on-chain governance of Optimism.
Hot Take
Coinbase’s partnership with the Optimism Collective demonstrates its commitment to the growth and sustainability of the Ethereum ecosystem. By sharing revenue and actively participating in governance, Coinbase is contributing to the development of a more scalable and user-friendly Ethereum network. This collaboration sets an example for other crypto companies to follow, fostering a collaborative and cooperative approach to blockchain innovation.
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