Optimism Proposes 50% OP Token Buybacks Starting February

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The Optimism Foundation rolled out a new governance proposal to enable OP

OP
$0.31

24h volatility:
0.5%

Market cap:
$612.16 M

Vol. 24h:
$90.25 M

buybacks from 50% of the Superchain’s revenue. This proposal will be voted on January 22, aiming to start the buybacks in February, if approved.
According to the official blog post published on January 8—following up on the proposal published a day before, January 7, in Optimism’s governance forum—it explains that “Optimism earns revenue from the Superchain.”
Superchain is “a network of L2 chains built on the OP Stack that includes Base, Unichain, Ink, World Chain, Soneium, OP Mainnet, and more. These chains all contribute a portion of their sequencer revenue

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