Author: zak.eth, corn Lianchuang; Translation: Golden Finance xiaozou
Ethereum is losing value to L2. Rollup withdraws fees, MEV and liquidity, while ETH stakers are left far behind. If this continues, Ethereum will become a stupid security layer, while L2 is constantly making money. Does this sound like a pretty good pattern? L2 doesn't need to pay Gas fees with ETH, but they do need to pay for Ethereum's security. Currently, L2 pays almost nothing. This situation needs to be changed. Ethereum is not a free lunch. L2 should pay the rent. Base charged about $2.5 million last month, while the fee paid to Ethereum was less than $11,000. Optimism earns about $321 in L2 fees for every $1 paid to Ethereum. L2 has extremely high profits, but Ethereum can hardly see these values. This shouldn't be the case! Each Rollup should contribute to Ethereum at least in one of the following ways: ETH staking deposits: The L2 sorter should store ETH as collateral to participate in network activities. Settlement Fee: A part of the L2 fee should be owned by the Ethereum stakeholder. MEV redistribution: L2 generated MEV should be backflowed to Ethereum. If an L2 does not pay the Gas fee using ETH, it should still be required to stake ETH or contribute a portion of its token supply to the ETH vault. This vault will serve as an economic index for all Rollups, making ETH the financial layer of the L2 ecosystem. Ethereum validators should protect Rollup's security, not just L1. The L2 sorter should be required to stake ETH and should extend Ethereum's security to all Rollups by restaking. If an L2 wants to gain trust from Ethereum, it will have to pay for it. All L2s require liquidity to transfer assets across chains. ETH should be the default settlement asset for all cross-Rollup transactions. Native Gas tokens are also OK, but ETH needs to become a liquidity layer. L2 does not have to adopt a model. They can use their own tokens, their own sorters, and their own economic models. But Ethereum needs to capture value through ETH staking, fees, or directly aligning the Rollup economy. Currently, Ethereum is subsidizing L2, and L2 is taking all the benefits. This is unsustainable. Ethereum either forces alignment now or it may become an outdated security layer of Rollup that is no longer needed. Are you thinking about the same problem?