Particle.news
Download on the App Store
10 ARTICLES
·
11h ago

Optimism Proposes Routing Half of Superchain Fees to Monthly OP Buybacks

A Jan. 22 vote will decide a yearlong pilot of OTC purchases funded by sequencer fees, returning acquired tokens to the treasury.

Optimism proposes OP token buybacks using superchain revenue
Image
Photo: Bankless Times
Image

Overview

  • The buyback program would begin in February and run for 12 months if governance approves the proposal on Jan. 22.
  • The Superchain aggregates OP Stack chains including Base, OP Mainnet, Unichain, World Chain, Ink, and Soneium, which generated 5,868 ETH for the governance treasury over the past year.
  • The remaining 50% of Superchain revenue would stay under Foundation management for ecosystem support, yield strategies, and existing staking programs under governance oversight.
  • Execution safeguards include OTC conversions, suspending purchases in low‑revenue months, and preset fee‑spread limits to minimize market impact.
  • Optimism cites scale—about 61.4% of L2 fee market share and roughly 13% of all crypto transactions—with public feedback ranging from OP Labs’ support to calls to address large token unlocks.