{"title":"Base deployment of RAILGUN Privacy System","description":"This proposal triggers the adoption of a deployment of RAILGUN privacy system logic on to Base, enabling shielded balances and DeFi integrations.\n\nIf passed, the security of the proxy and associated contracts deployed on Base will be assumed by L1 Security Stakers (Ethereum Mainnet).\n\n### L1-L2 Messaging \n\nThis proposal deploys an all-new L1-L2 Messaging system, which can send and receive messages between Ethereum Mainnet and the Base deployment.\n\nAfter this proposal is passed, the only way to modify the Base deployment will be through a security proposal and vote on Ethereum Mainnet.\n\n### Base Treasury Deployment\n\nThe Base treasury contract will accrue deductions according to the currently-prescribed rate: 0.25% of the total volume per shield / unshield.\n\n### Active Security Stakers\n\n$RAIL (ERC20) stakers on Ethereum Mainnet will control the security of the Base proxy deployment and treasury contract. \n\nPlease do your own security review & vote YES to support this deployment"}