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20h ago

Optimism Proposes 50% Superchain Revenue Buybacks to Link OP to Network Use

A January 22 governance vote will decide a 12-month pilot linking OP buybacks to Superchain fee revenue.

Optimism proposes OP token buybacks using superchain revenue
Photo: Bankless Times
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Optimism submits proposal to use 50% of superchain revenue for op buybacks

Overview

  • The plan would direct half of monthly sequencer fees from OP Stack chains into OP purchases executed via an OTC provider.
  • If approved, recurring purchases would begin in February following a tokenholder vote scheduled for January 22.
  • OP acquired through the program would be returned to the Collective treasury, with governance later choosing to burn or redistribute the tokens.
  • The remaining 50% of Superchain revenue would be actively managed by the Optimism Foundation for ecosystem needs under governance oversight.
  • Optimism reports 5,868 ETH collected over the past year from Superchain revenue sharing, with the network accounting for about 61.4% of L2 fee market share and roughly 13% of all on-chain transactions.