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Optimism Pitches Yearlong OP Buybacks Funded by 50% of Superchain Fees

Token purchases would move to the treasury pending a January 22 governance vote.

Overview

  • Under the plan, half of future Superchain sequencer revenue would fund monthly OP purchases for 12 months starting in February if approved.
  • Acquired tokens would be held in the treasury for future governance decisions, including potential burns or redistribution through incentives.
  • Superchain participants generated 5,868 ETH for the governance-controlled treasury over the past year through existing revenue sharing.
  • Optimism cites Superchain scale with about 13% of all blockchain transactions and 61.4% of layer‑two fee market share as the revenue base for buybacks.
  • The proposal includes execution safeguards such as pausing purchases below a revenue threshold and limiting OTC buys to a defined fee spread, while the remaining 50% of revenue stays available for treasury management and ecosystem support.