<\/p>\n
Coinbase and Optimism have reached a strategic profit-sharing agreement for Base, Coinbase\u2019s OP Stack-based Layer 2 network.<\/p>\n
Base will share either 15% of gross profits generated or 2.5% of its total revenue from transaction sequencing \u2014 whichever is greater \u2014 with the Optimism Collective.<\/p>\n
\u201cThis collaboration [with Optimism] has allowed us to build Base on an open source codebase that will scale Ethereum and further the entire on-chain ecosystem,\u201d Base said.<\/p>\n
Base can also earn up to 2.75% of the OP token supply for its contributions to the Optimism Collective. The tokens will also enable Base to participate in on-chain governance, with its voting power limited to a maximum of 9%.<\/p>\n
The agreement<\/a> also outlines that upgrades to the Base protocol can only be authorized by a two-of-two multisig requiring signatures from both Base and the Optimism Foundation.<\/p>\n In June, Optimism launched the OP Stack<\/a>, a modular framework for deploying Layer 2 networks. Optimism invites networks built leveraging the OP Stack to participate in the \u201cSuperchain,\u201d a unified ecosystem of OP Stack-based chains that Optimism plans to progressively roll out from its next upgrade. Base also acts as a core developer for the OP Stack.<\/p>\n \u201cChains that are part of the Superchain will allow builders and users to transact and move across chains easily and affordably, creating a consistent user experience and laying the groundwork for teams everywhere to build a decentralized future,\u201d Base said.<\/p>\n On Aug. 24, Coinbase also published<\/a> the \u201cLaw of Chains,\u201d a common set of standards for Superchain protocols. The standards include commitments to neutrality, decentralization, and a free market for transaction ordering.<\/p>\nSuperchain<\/h2>\n
Base\u2019s Meteoric Rise<\/h2>\n