[Digital Today reporter Chi-gyu Hwang] Optimism governance approved a buyback plan that directly links OP tokens to Superchain economics, CoinDesk reported on Jan. 28 local time.
The proposal passed with 84.4 percent support. OP slipped slightly after the decision.
Under the new plan, the Optimism Foundation will use 50 percent of Superchain sequencer net revenue for 12 months to buy back OP tokens. The remaining revenue will be used for ecosystem support and operations. CoinDesk said this is the first case in which OP tokens are directly tied to network growth, with OP demand rising as Superchain usage increases.
According to the Optimism Foundation, the Superchain sequencer generated about 5,900 ether in revenue last year. Revenue is expected to increase further as more chains join the Superchain ecosystem and transaction volumes rise. OP tokens acquired through the buyback will be held in the Optimism Collective vault, and any decision to burn them will be made through a future governance decision.
Bobby Dresser (바비 드레서), a director at the Optimism Foundation, said, "This buyback approval marks the first step in expanding the role of the OP token." He said, "The OP Stack is becoming a settlement layer for next-generation financial systems, and this program will further strengthen the Superchain ecosystem and the value of the OP token."