Scroll, an Ethereum Layer-2 network, has seen a $160 million decline in total value locked (TVL) following the migration of Ether.fi to Optimism. This migration has also led to an estimated annualized fee loss of $13 million. In response, Scroll plans to propose the dissolution of its decentralized security committee and reduce DAO membership to cut operational costs, shifting network control to its internal team.
Additionally, Scroll temporarily increased network gas fees by 1,280 times post-migration, resulting in over $50,000 in excess transaction fees for users. This issue has since been resolved, but Scroll's TVL has decreased to approximately $23 million. The team assures that all contract changes will remain transparent and verifiable on-chain.
Scroll Faces $160M TVL Drop, Plans Security Committee Dissolution
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