Search results for Optimism Foundation
Crypto
Monad hires executives from FalconX, BVNK and Optimism to speed Layer 1 scaling
Monad Foundation has hired three senior executives from Optimism, FalconX and BVNK to accelerate the scaling of its Layer 1 blockchain, Cointelegraph reported. Urvit Goel joined as vice president of market strategy, Joannita Titan as head of institutional growth and Sagar Sarvai as head of Asia-Pacific. Cointelegraph said they have experience at JPMorgan, Deutsche Bank, Anchorage Digital, Fireblocks and Amazon. Monad launched its mainnet in November and sold tokens via Coinbase.
Crypto
Optimism governance approves OP token buyback plan linked to Superchain revenue
Optimism governance approved a buyback plan linking OP tokens directly to Superchain economics, CoinDesk reported on Jan. 28. The proposal passed with 84.4 percent support and OP fell slightly after the decision. Under the plan, the Optimism Foundation will use 50 percent of Superchain sequencer net revenue for 12 months to buy back OP, with the remainder used for ecosystem support and operations.
Crypto
Optimism seeks OP token buybacks using 50 percent of Superchain revenue
The Optimism Foundation has proposed using 50 percent of Superchain revenue to buy back OP tokens, CoinDesk reported on Wednesday. The proposal will be put to a governance vote on Jan. 22. If approved, Optimism plans to begin monthly buybacks from February using sequencer fee revenue generated by blockchains built on the OP Stack. OP Stack chains include Coinbase\'s Base, Uniswap\'s Unichain and Sony\'s Soneium.