On August 24th, Base put up a post (written by Jesse) on @OptimismGov discourse about Base's participation in its governance.
What is Base?
Base is a Layer 2 chain that offers a safe, low-cost, developer-friendly way to build on-chain. It is an L2 built on Optimism Stack.
On February 23, 2023, Base Chain was announced along with its testnet launch. Aug. 9, Base officially launched its mainnet to end users after months of testnet with builders and users on-chain. Alongside the launch, they also launched an event called Onchain Summer; providing its users with several on-chain activities throughout the month of August.
The on-chain summer kickstarts Base's vision to bring the next millions of builders and Billions of users on-chain.
On August 24th, Base put up a post (written by Jesse) on Optimism governance discourse about Base's participation in Optimism governance.
As Base is part of the Optimism SuperChain, contributing to the OP governance is vital. Let us dive in.
In a nutshell, Base will be actively engaging in Optimism governance to ensure the stability and integrity of the OP Stack and Superchain. They're also contributing to the creation of the Law of Chains 2, which establishes the foundation for defining the Superchain and supporting public goods funding.
Base's involvement includes joining the Optimism Collective and committing 15% of net revenue to fund public goods. They can earn up to 2.75% of the OP token supply over six years, emphasizing active and accountable governance.
Their voting power will be limited to 9% of the total votable supply to uphold decentralization.
Base seeks community input in the following ways as regards this new journey in the following areas;
Governance approach
Superchain's alignment with their values
Unique perspectives they can offer
Effective ways of participation
Community engagement methods.
Link to Post 👉🏽
https://gov.optimism.io/t/how-base-will-participate-in-optimism-governance/6690
How can you provide feedback to Base?
Here are some tips on providing feedback:
Comment on the Post on discourse
Answer the Questions on discourse
Engage their Social Media post
You can Email or make use of their Contact Form
Engage in Base Community Channels
Attend Base Community Meetings and share your thoughts
Remember to provide constructive and thoughtful feedback that addresses their questions and concerns. Your input can help shape Base's approach and contribute to the success of their initiatives.
Looking for ways to participate in Optimism governance? This is also an opportunity.
If you find this useful, do well to subscribe for more content. I’ll also appreciate your feedback, likes ❤️ and retweet to my tweet on X so it can reach as many people as possible.
Follow me on X 👉🏽 @ayohtunde
Reach out to me on Discord 👉🏽 ayohtunde
As always, Stay Optimistic ✨🔴
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AyohTundeBASE JOINS THE OPTIMISM GOVERNANCE
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On August 24th, Base put up a post (written by Jesse) on @OptimismGov discourse about Base's participation in its governance.
What is Base?
Base is a Layer 2 chain that offers a safe, low-cost, developer-friendly way to build on-chain. It is an L2 built on Optimism Stack.
On February 23, 2023, Base Chain was announced along with its testnet launch. Aug. 9, Base officially launched its mainnet to end users after months of testnet with builders and users on-chain. Alongside the launch, they also launched an event called Onchain Summer; providing its users with several on-chain activities throughout the month of August.
The on-chain summer kickstarts Base's vision to bring the next millions of builders and Billions of users on-chain.
On August 24th, Base put up a post (written by Jesse) on Optimism governance discourse about Base's participation in Optimism governance.
As Base is part of the Optimism SuperChain, contributing to the OP governance is vital. Let us dive in.
In a nutshell, Base will be actively engaging in Optimism governance to ensure the stability and integrity of the OP Stack and Superchain. They're also contributing to the creation of the Law of Chains 2, which establishes the foundation for defining the Superchain and supporting public goods funding.
Base's involvement includes joining the Optimism Collective and committing 15% of net revenue to fund public goods. They can earn up to 2.75% of the OP token supply over six years, emphasizing active and accountable governance.
Their voting power will be limited to 9% of the total votable supply to uphold decentralization.
Base seeks community input in the following ways as regards this new journey in the following areas;
Governance approach
Superchain's alignment with their values
Unique perspectives they can offer
Effective ways of participation
Community engagement methods.
Link to Post 👉🏽
https://gov.optimism.io/t/how-base-will-participate-in-optimism-governance/6690
How can you provide feedback to Base?
Here are some tips on providing feedback:
Comment on the Post on discourse
Answer the Questions on discourse
Engage their Social Media post
You can Email or make use of their Contact Form
Engage in Base Community Channels
Attend Base Community Meetings and share your thoughts
Remember to provide constructive and thoughtful feedback that addresses their questions and concerns. Your input can help shape Base's approach and contribute to the success of their initiatives.
Looking for ways to participate in Optimism governance? This is also an opportunity.
If you find this useful, do well to subscribe for more content. I’ll also appreciate your feedback, likes ❤️ and retweet to my tweet on X so it can reach as many people as possible.
Follow me on X 👉🏽 @ayohtunde
Reach out to me on Discord 👉🏽 ayohtunde
As always, Stay Optimistic ✨🔴
AyohTundeMy Guest Voting Experience
Being a guest voter for Retro-funding was an eye-opener! From combing through docs to assessing projects and allocating OP tokens, here’s how I navigated the process, the challenges I faced, and insights for the future.Preparation and ResearchI began by reading through almost all documents related to RetroPGF from the initial seasons up to the most recent (Seasons 6 and 7). This preparation helped me develop:A more comprehensive understanding of Retro funding’s purpose and mechanics.Insights ...
AyohTundeOptimistic Alpha
The Optimism ecosystem has been packed with exciting things going on there. What’s the alpha? How can I participate? In this piece, I’ll share as much alpha as possible. Let us delve into it. 1. The Optimistic Series Quest by @Subli_Defi on @Tide_web3 Quest #5 just concluded and a sum of 7500 OP tokens was distributed among participants evenly. Each participant got 30 OP. Read 👉🏽 here But wait! There’s more; @Subli_Defi announced Quest #6 in the same tweet… More OP tokens are to be distribu...
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This piece will guide you on all you need to know about the optimism retroactive public goods funding.To understand the concept of retro-PGF and its purpose, we need to understand a few terms and we can connect the dots easily from there.What is public good?Public goods are commodities or services that benefit all members of society, and which are often provided for free. This means everyone has access to use them, and their use does not deplete their availability for future use. An example o...
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