Overview
- Tokenholders will vote on January 22, with buybacks slated to begin in February if approved.
- Half of sequencer revenue would fund monthly OTC OP purchases under safeguards that include minimum revenue thresholds and fee-spread limits to reduce market impact.
- Repurchased tokens would return to the governance treasury for potential burns or future staking rewards.
- The remaining 50% of revenue would stay under Foundation management for treasury operations and ecosystem support.
- Superchain networks including Base, OP Mainnet, Unichain, World Chain, Ink and Soneium generated 5,868 ETH over the past year and account for about 61.4% of L2 fees and 13% of on-chain transactions.