Optimism: Will allocate initial OP tokens grant to Base tomorrow.
2023-08-29 00:43
Odaily News According to official sources, Optimism has announced that the initial OP tokens will be allocated to Base on August 30th as part of a planned transaction.
Previously, it was announced jointly by Base and Optimism developers that there is a revenue sharing and governance sharing agreement in place. Upgrades to Base's smart contracts can only be made through a 2/2 multisig wallet, with one signature controlled by Base and the other by the Optimism Foundation.
Base will also pay 2.5% of its revenue or 15% of its profits to the Optimism Collective, whichever is higher. In return, Base will be able to receive a maximum of 118 million OP tokens over the next six years, giving it a voice in the protocol governance of Optimism.
Previously, it was announced jointly by Base and Optimism developers that there is a revenue sharing and governance sharing agreement in place. Upgrades to Base's smart contracts can only be made through a 2/2 multisig wallet, with one signature controlled by Base and the other by the Optimism Foundation.
Base will also pay 2.5% of its revenue or 15% of its profits to the Optimism Collective, whichever is higher. In return, Base will be able to receive a maximum of 118 million OP tokens over the next six years, giving it a voice in the protocol governance of Optimism.
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