2023-08-26
The growth of Base network alone can
increase the value of OP token 20-30%. Here’s why.
1. 2/2 multisig between the Optimism
Foundation and Base
Base and OP Mainnet will share upgrade.
To execute protocol upgrade it require both Optimism Foundation and Base to
sign via a two-of-two
multisignature wallet account. This encourage Optimism to get benefits from Base
and encourage Optimism to help Base develop its layer 2 to be as good as
Optimism mainnet.
2. Revenue Sharing
Base will pay either 2.5% of its revenue or 15%
of its profits to the Optimism Collective, whichever number is greater. In
return, Base will receive about 118 million OP Tokens.
3.Base will participate in Optimism’s
governance.
Optimism will give 118 million OP
tokens to Base. Base will have a voice to develop Optimism layer 2 through Optimism’s
protocol governance.
Base was created using OP Stack and
launched on July 30, 2023. Throughout July and August, despite many
cryptocurrencies are on downtrend. OP chart pattern is sideway due to the
success of Base. Base currently has $183 million TVL in just two months.
