Optimism Proposes Using Superchain Revenue for OP Buybacks

The Optimism Foundation has proposed allocating 50% of Superchain revenue to repurchase OP tokens, with the plan subject to a governance vote scheduled for January 22, Wu Blockchain reported. If approved, the buyback program is expected to begin in February, with repurchased tokens returned to the governance treasury for potential future uses such as token burning or staking rewards, according to the proposal. Optimism generated 5,868 ETH in revenue over the past 12 months, which has been directed to its governance treasury, Wu Blockchain reported.