1h ago
Optimism approves OP-0017: 50% revenue OP buybacks start February 2026
Optimism governance approved proposal OP-0017, allocating 50% of Superchain sequencer net profits to monthly OP buybacks in a 12-month pilot starting February 2026. Conversions from ETH to OP will be executed via OTC desks and pause below $200,000 monthly revenue. A 31.34 million OP unlock is set for January 31.