Base

We want to express our gratitude to @optimism governance for approving Base's grant request of 3 million OP (~$5 million USDC). The approval will kick off an incentive program rewarding DeFi builders on Base for boosting their ETH and BTC TVL

We’re excited about the role that Base is already playing to grow the Superchain: In our first year, we contributed 2625 ETH ($6.7M) in revenue and account for >70% of transactions

More details about the incentive program will be coming soon

Note: Base will not be incentivizing specific pools or user activity

See the full proposal: https://gov.optimism.io/t/cycle-27-grants-final-roundup/8885