TechFlow reports that Base, an Ethereum Layer 2 scaling solution, announced this morning that its application for 3 million OP (approximately $5 million) in incentives has been approved by Optimism Governance. Base stated that the funds will launch an incentive program to reward DeFi projects building on Base and increasing the total value locked (TVL) of ETH and BTC.
Base emphasized that it has already contributed 2,625 ETH (approximately $6.7 million) in revenue to Superchain in its first year and accounted for over 70% of transaction volume. Base noted that specific details of the incentive program will be announced soon but clarified that it will not incentivize specific pools or user activities.
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