Comparing the token economics of other Ethereum Layer 2s The @base token may be used for governance, staking, and replacing ETH for on-chain gas payments. For example, the @Optimism token $OP is primarily used for on-chain governance. The OP Foundation approves various ecosystem funds through voting with OP tokens. Base itself is built on the @Optimism OP stack blockchain, making it very suitable to learn on-chain governance from OP. Moreover, Base already has a large developer and ecosystem project, with a builder network providing a social foundation for governance. For instance, the @Starknet token $STRK is used for staking, governance, and gas settlement. Starknet is not a complete POS Layer 1 (so it doesn't have true native staking rewards like Aptos, Solana, or ETH). Therefore, the foundation provides yield subsidies for various STRK staking through artificially set policies. In terms of settlement, Starknet supports STRK token payments for gas through native account...
Show original
9.78K
1
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.