Ronin BaseFee Treasury

Overview

The RoninBaseFeeTreasury contract serves as a treasury for collecting and managing base fees from EIP1559 transactions.

Core Logic

1. Receiving Funds

When an EIP-1559 transaction occurs, the Ronin node directs the base fee to this treasury contract.

• Base Fee Source: The base fee from EIP-1559 transactions is automatically credited to the contract’s balance by the underlying node logic.

2. Managing Balances

The contract holds the collected base fees securely, ensuring that the Ether remains within the contract balance until explicitly withdrawn through RoninGovernanceAdmin voting process.

• The balance of the contract reflects the cumulative base fees collected from network transactions.

3. Integration with Node Logic

The Ronin node interacts directly with this contract as part of the EIP-1559 fee mechanism:

• Node Behavior: Upon processing a transaction, the node routes the base fee to the RoninBaseFeeTreasury.
• Automatic Updates: The contract balance is updated dynamically based on incoming base fees from node-managed transactions.

Purpose

• Base Fee Treasury: Acts as a dedicated repository for EIP-1559 base fees, ensuring the funds are securely stored and managed.