Optimism Approves Buyback Program Using 50% of Superchain Revenue Starting February
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Optimism governance has approved a buyback program to use 50% of Superchain revenue for OP token purchases, starting in February. The proposal received 84.4% support and aims to boost token demand linked to network activity across multiple OP Stack-based chains. Community reactions are mixed, balancing bullish enthusiasm with concerns about tokenomics.
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- 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.
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