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https://ethereum.org
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@chaskin.eth
If ETH is money and a store of value, why don't L2 DAOs hold any? How can we claim ETH is money to the world when the most "aligned" organizations in our ecosystem don't hold it themselves?
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Greg
@greg
because they would have to dump their own token to aquire ETH (i think)
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Zach
@zherring
I thought sequencer fees are in ETH? Couldn't they just build an Eth treasury by not dumping (assuming they have runway?)
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Greg
@greg
I think sequencer fees go to the company, not the DAO in some cases
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Zach
@zherring
It also be weird for the fees for the sequencer go to the company if the DAO retains control over it ala Superchain. I guess the stipulation could be the lab run the hardware, DAO maintains control, but Lab keeps the fees. That split is incongruent to me tho.
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Greg
@greg
Right, I think thats the thinking. Sequencer fees go to labs team to cover infra Again, I definitely could be seeing this wrong Here’s the contract that collect all fees from OP Mainnet for example https://optimistic.etherscan.io/address/0x4200000000000000000000000000000000000011#events All withdrawals are to 0xa3d596EAfaB6B13Ab18D40FaE1A962700C84ADEa on mainnet which current holds 10k ETH and appears to be an OP Labs/Foundation multisig This page describes that sequencer feed are typically used for “covering operational costs like L1 gas fees for data availability.” At least OP Labs/Foundation holds ETH though!
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