Base Secures 3 Million OPs Grant to Boost ETH and BTC TVL through DeFi Development

COINOTAG news reported on September 24 that Base has received formal approval from Optimism Governance for a significant grant. This award includes 3 million OP tokens, equivalent to approximately 5 million USDC, aimed at boosting DeFi development on its platform. The primary objective is to enhance the Total Value Locked (TVL) of ETH and BTC on Base. More information regarding the incentive mechanism is expected to be shared shortly. Notably, Base has clarified that the incentives will not target specific pools or particular user activities, promoting a more holistic growth of the ecosystem.