Optimism Approves Buyback Program Using 50% of Superchain Revenue Starting February

• Optimism governance approves buyback program using 50% of Superchain revenue.
• Proposal passed with 84.4% support, starting a 12-month pilot period in February.
• Community reactions range from bullish enthusiasm to concerns about tokenomics.

Optimism has announced its token buyback program will commence in February, following governance approval. During a 12-month experimental period, the Optimism Foundation will donate 50% of net Superchain sequencer revenue to recurring OP token purchases. The proposal received 84.4% approval from delegates and tokenholders through the onchain governance portal.

The buyback mechanism creates a direct linkage between OP token demand and network activity across the Superchain ecosystem. This collection of OP Stack-based chains includes OP Mainnet, Base, Unichain, World Chain, Soneium, and Ink, among others. The program is Optimism’s …

Read The Full Article Optimism Approves Buyback Program Using 50% of Superchain Revenue Starting February On Coin Edition.