Olympia Upgrade

Adds the most widely adopted transaction type to Ethereum Classic, ensuring continued network support by exchanges, wallets, and modern development tooling. Independent client implementations complete.

• EIP-1559 fee market with predictable gas pricing
• Dynamic gas limits
• Basefee introduced — previously set to be destroyed, now funds the treasury
• Miner tips and block rewards untouched
• Core development and infrastructure funded without new issuance

Governance and treasury contracts deployed. Membership-based voting. Full proposal lifecycle: submit, vote, queue, execute. Moves core development, critical infrastructure, and long-term network security from private balance sheets to an open, transparent, and permissionless framework — bringing stability to the most critical and historically unstable aspects of Ethereum Classic since the Ethereum Foundation forked to its own chain in 2016.

• Governance and treasury contracts
• Membership-based voting system
• Sanctions compliance layer
• Open, transparent funding proposals with competitive bidding
• Free market pricing for network maintenance
• Removes organizational overhead from the funding pipeline
• Open to qualified professionals across the EVM ecosystem
• Donation pipeline for stakeholders without fielding a team

Futarchy-assisted governance uses prediction markets to inform treasury allocation. In a futarchy market, participants stake on the expected outcome of a proposal — if funded, does the network benefit? Market prices aggregate public opinion into a measurable signal that governance can act on. This opens protocol-level decision making to broad public participation beyond NFT holders, replacing opaque insider consensus with transparent, financially-backed forecasting. This stage requires the Fusaka EVM alignment delivered by Olympia (ECIP-1121). Research phase exploring conditional token frameworks.

• Conditional outcome tokens
• Market-informed proposal ranking
• User acquisition and on-chain transaction flywheel
• Financially incentivized public interest in protocol development
• Additive market sentiment to complement siloed GitHub discussion threads

As Ethereum Classic's fixed-emission schedule reduces block subsidies over time, basefee revenue held in the treasury can optionally be redistributed back to miners to supplement long-term network security. ECIP-1115 defines a governance-layer smoothing mechanism — an L-curve that spreads these optional payouts across a configurable future window, reducing per-block volatility and providing a more predictable revenue profile. Critically, this is entirely optional and governance-controlled: no miner entitlement is created, consensus-layer rewards and tips remain untouched, and parameters can be adjusted or disabled without a hard fork.

• Treasury smoothing algorithm
• Smoothing allocation amount experiments
• Multi-algorithm modeling for stable miner security budget through ECIP-1017 emission reduction events
• Miner impact analysis

Permanent consensus integration of proven governance mechanisms. Moving governance from contract layer to protocol layer.

• Consensus-level governance
• Immutable treasury rules
• Long-term sustainability