The Optimism community has approved a proposal to launch a 12-month OP token buyback program after reaching quorum with support from more than 84% of participating voters. The measure authorizes allocating 50% of Superchain sequencer revenue to monthly OP purchases, with the program expected to begin in February, pending a final Joint House vote that requires a 60% majority.
If the final approval is secured, the Optimism Foundation will start converting ETH revenue generated by Superchain into OP purchases, with the repurchased tokens held in the Collective treasury. Initial execution will rely on an over-the-counter provider, and all transactions will be disclosed through a public dashboard. According to the proposal, Superchain generated approximately 5,868 ETH in revenue over the past year, equivalent to around $17.6 million.
The initiative is designed to more closely link the OP token to economic activity across the Superchain ecosystem, which includes several Ethereum Layer 2 networks such as Coinbase’s Base and World Chain. However, the proposal sparked notable debate within the community. Critics argued that buybacks alongside ongoing token emissions could be economically inefficient, while others cautioned that off-market purchases might undermine confidence unless eventually moved on-chain.
Source: Optimism Foundation, Governance Forum
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