Base and Optimism to Share Revenue and Governance in New Agreement

Base X Optimism: Decentralization in Focus 

Base and Optimism networks have unveiled a collaborative agreement encompassing revenue and governance-sharing. This pivotal development aims to enhance the decentralized nature of these networks and ensure their sustainable growth.

A key aspect of this agreement is the framework for smart contract upgrades within Base. These upgrades can only occur through a two-of-two multi-signature wallet account.

One signature is under Base's control, while the other resides with the Optimism network's team, referred to as the "Optimism Foundation." This setup ensures that the Base's upgrades necessitate the Optimism team's consent, reinforcing collaborative decision-making.

Further, the agreement stipulates that Base will contribute either 2.5% of its revenue or 15% of its profits to the Optimism Collective, whichever figure is higher. In return, Base will be granted "up to approximately 118 million OP Tokens," providing it with a voice in Optimism's protocol governance.

This move towards shared revenue emphasizes Base's role in contributing to the ecosystem's development while maintaining balance by capping 9% of the total votable supply.

‍

Evolving Decentralization and Governance

Coinbase, the parent company of Base, has laid out a set of "principles of neutrality" to safeguard against the centralization of Base. Jesse Pollak, Base's principal creator, highlighted the trajectory from Ethereum co-founder Vitalik Buterin's "stage 0" to "stage 2" of layer 2 decentralization. 

Further, to bolster scalability and diversity, the Base team is working on enhancing Optimism clients. Notably, the creation of a new client called "op-reth" aims to expand the spectrum of client options.