Revenue Impact
Olympia changes fee handling, not block rewards. Here's what miners keep.
Block Reward
2.048 ETC
Era 4, unchanged by Olympia
Uncle Reward
Standard
No changes to uncle reward structure
Basefee Impact
< 0.01%
At current ~1 gwei network usage
Priority Fee
Kept by miners
Tips go directly to the miner
The Economic Case
Funded development means more dApps, more transactions, more fees, and higher ETC value. The basefee redirect creates a sustainable development funding mechanism that aligns protocol growth with miner incentives. As the network grows and transaction volume increases, miners benefit from both their unchanged block rewards and the priority fees from increased activity.
Fee Flow After Olympia
Block reward (2.048 ETC) → Miner
Priority fee (tip) → Miner
Basefee → Protocol Treasury (previously burned on Ethereum)