Optimism Approves 12-Month OP Buybacks From February, Using 50% Superchain Revenue

On 30 January 2026, Optimism governance approved a 12-month program to buy back OP using 50% of Superchain revenue, scheduled to begin in February. The vote cleared the Joint House framework with over 84% approval, with purchases planned via monthly ETH-to-OP OTC conversions. OP traded near $0.26 after the decision, with RSI around 35 and weak momentum.