The Optimism Foundation and Coinbase-backed Layer-2 platform Base have proposed shared governance for OP Chains. Base will receive 118 million OP tokens spread over six years.

The proposal is meant to reward Base’s contributions to scaling Ethereum and the OP Stack, ensure Base’s commitment to the ecosystem, and give Base a voice in Optimism Governance. The Foundation also announced that Base must distribute the greater of either 2.5% of its sequencer revenue or 15% of net on-chain profits to the Optimism Collective, with a cap of 9% on votable supply.

The collaboration between Base and the Optimism Foundation follows the “Law of Chains” proposal, which seeks to transition Optimism governance from the OP Mainnet to the Superchain. If ratified, the two teams will work on upgrades across Base, the OP Mainnet, and other chains on OP Stack, as well as a decentralised Security Council and “Pessimism”, a cybersecurity monitoring tool.

Base launched on August 9 and has seen an increase in Total Value Locked (TVL) of 9% in the past week to $183 million. According to DeFiLlama data, Optimism ranks sixth among top chains, with over $715 million in TVL.