Details on the sequencer fee vault#858
Details on the sequencer fee vault#858krofax merged 11 commits intoethereum-optimism:mainfrom richardgreg:sequencer-fee-vault
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Outside diff range, codebase verification and nitpick comments (1)
pages/stack/transactions/fees.mdx (1)
203-219: Improve clarity and consistency.Apply these minor grammatical improvements for better clarity and consistency:
-The **Sequencer Fee Vault** is responsible for collecting and holding transaction fees paid to the sequencer during the processing and production of blocks on OP Mainnet. These fees are used to cover the cost of posting transaction data to Ethereum Layer 1 (L1), ensuring that the network remains sustainable and that data availability is maintained. +The **Sequencer Fee Vault** is responsible for collecting and holding transaction fees paid to the sequencer during the processing and production of blocks on OP Mainnet. These fees cover the cost of posting transaction data to Ethereum Layer 1 (L1), ensuring the network remains sustainable and data availability is maintained. * **Purpose**: The fees collected by the sequencer are deposited into the Sequencer Fee Vault. These fees reimburse the sequencer for the gas costs incurred when submitting transaction batches to L1. * **Vault Address**: The Sequencer Fee Vault is predeployed at the address `0x4200000000000000000000000000000000000011` on the OP Mainnet. * **Fee Usage**: The fees stored in the vault are eventually transferred to the designated recipient address, which could be a treasury or another contract responsible for distributing the funds. 1. **Fee Collection**: During the processing of transactions, the sequencer collects fees from users as part of their transaction costs. These fees primarily cover the gas expenses of posting transaction data to Ethereum L1. 2. **Storage**: Collected fees are deposited into the Sequencer Fee Vault contract. 3. **Distribution**: The fees are later distributed to the appropriate recipient, typically to cover operational costs like gas fees for data availability on L1.Tools
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@richardgreg I added some edits |
Co-authored-by: Blessing Krofegha <bkrofegha@gmail.com>
Co-authored-by: coderabbitai[bot] <136622811+coderabbitai[bot]@users.noreply.github.com>
Co-authored-by: coderabbitai[bot] <136622811+coderabbitai[bot]@users.noreply.github.com>
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Description
Added details about the Sequencer Fee Vault to the transaction fees documentation.
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