Base and Optimism launch governance and revenue sharing framework.

On August 25th, developers from Base and Optimism networks jointly announced a revenue governance sharing protocol. Base's smart contract can only be upgraded through a 2/2 multisignature wallet account. One signature is controlled by Base, and the other is controlled by the Optimism Foundation. As more and more chains choose to use OP Stack and become part of the "superchain", governance will be transferred to a "security committee" composed of representatives from all chains that make up the ecosystem. Base will also pay 2.5% of its revenue or 15% of its profits to the Optimism Collective, whichever is higher. In return, it will receive "up to approximately 118 million OP tokens", giving it a voice in Optimism's protocol governance. The announcement states that "to maintain balance", this amount will be capped at 9% of the total voting supply. The team will also continue to develop real-time network monitoring tool Pessimism, in an attempt to detect network security threats as early as possible.