Ethereum scaling solution Optimism upgrades governance structure By Cointelegraph

Ethereum scaling solution Optimism upgrades governance structure

The Optimism Foundation has unveiled a new governance structure and token as part of its ongoing efforts to bring scalability and cost efficiency to (ETH), the world’s largest smart contract platform.

The “Optimism Collective” was introduced Tuesday afternoon in a lengthy post that outlined its mission and governance mandate. Described as a “large-scale experiment in digital democratic governance,” the Optimism Collective essentially comprises a band of communities and stakeholders committed to improving Ethereum’s technical capabilities.

Ethereum still accounts for more than half of DeFi TVL, but its dominance has weakened. Source: DeFi Llama