Scroll moves to cut costs after top protocol migrates to Optimism

The decentralized autonomous organization (DAO) behind the Ethereum layer-2 network Scroll has announced plans to dissolve its Security Council and transfer network control to an internal team. This decision follows the migration of Ether.fi, Scroll's top fee-generating decentralized application (dapp), to Optimism's OP mainnet. The migration resulted in a loss of approximately 300,000 user accounts, over $160 million in total value locked (TVL), and an estimated $13 million in annualized fees for Scroll. A Scroll core contributor cited the Security Council's high cost relative to its usage as the reason for the proposed changes, which also include layoffs and reduced operational committee capacity. The handover is expected within 10 days, pending council approval. Additionally, Scroll recently experienced an artificially inflated surge in network fees, which was rolled back after causing excessive transaction costs for users.

(Source：CoinDesk)