Optimism (OP) Governance Approves Major Token Buyback Plan Funded by Superchain Revenue

The Optimism Collective has officially approved a groundbreaking governance proposal to implement a token buyback program for its native OP token. This strategic initiative will be directly funded by the revenue generated by the Superchain, Optimism's growing ecosystem of Layer 2 networks. The approved plan mandates that a portion of the net profits from Superchain sequencer fees will be automatically allocated to repurchasing OP tokens from the open market on a recurring basis. These repurchased tokens will then be distributed to core contributors and projects within the Optimism ecosystem, aligning long-term incentives. This move is seen as a significant step towards creating a sustainable economic model for the Optimism ecosystem. By tying the buyback mechanism directly to protocol revenue, it enhances the value accrual to the OP token, potentially reducing circulating supply and rewarding key network participants. The decision underscores Optimism's commitment to decentralizing its network and sharing value with its community and builders.