Optimism (OP) Community Launches Historic Vote on Major Token Buyback Program

The Optimism Collective has initiated a pivotal governance vote to approve a groundbreaking proposal for systematic OP token buybacks. This strategic initiative aims to allocate a portion of the project's surplus revenue to repurchase OP tokens from the open market. The acquired tokens are designated for direct distribution to contributors and core developers, creating a sustainable funding mechanism. This vote represents a significant step in aligning long-term incentives and enhancing value accrual for the OP ecosystem. The proposal underscores Optimism's commitment to rewarding its community and strengthening its treasury management practices.