Tech

Optimism Proposes 50% OP Token Buybacks Starting February

21 hours ago
Bitcoin Ethereum News

Key Notes

  • The proposal redirects 50% of Superchain revenue, totaling 5,868 ETH annually, toward monthly OP token purchases for treasury.
  • Superchain processes 13% of all blockchain transactions but OP token historically showed no correlation to network performance.
  • Community feedback supports the alignment strategy though concerns remain about 1.69 billion OP in outstanding token allocations.

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

OP
$0.32



24h volatility:
1.2%


Market cap:
$613.11 M



Vol. 24h:
$96.34 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 back to Optimism,” the foundation wrote.

Over the past 12 months, this revenue-sharing mechanism added up to 5,868 ETH

ETH
$3 117



24h volatility:
1.1%


Market cap:
$376.75 B



Vol. 24h:
$26.00 B

to an Optimism governance-controlled treasury. Under the proposed plan, 50% of future revenue would fund monthly OP purchases starting in February if the vote passes on January 22. Bought tokens would head to the treasury, where governance could later burn them or use them for staking rewards.

The foundation described the change as a shift for OP, the token, moving from mainly a governance tool to one that benefits from Superchain expansion. Every new chain or transaction boosts the revenue base for buybacks, benefiting OP holders and investors.

Notably, the remaining 50% of ETH would stay under foundation management, with more flexibility for yield generation or ecosystem investments, still subject to governance oversight, per the proposal and blog post.

Community Feedback and Crypto Buybacks

Community feedback on X showed support for the alignment idea. OP Labs CEO Mark Boas, who goes by Optimist Prime on X, noted it as a starting point that scales with growth. Boas highlighted Superchain’s current state processing “13% of all blockchain transactions, with 61.4% of L2 fee market share.”

However, he pointed out the fact that the token, OP, “has historically had no tie to the performance of the Superchain,” saying they would like to change that with this new proposal.

Cronos Labs CEO Ryan Wyatt commented on Optimism Foundation’s official post announcing the proposal. Wyatt called it positive but suggested addressing remaining token unlocks and suggested, “as an OP holder” for the governance to “make commitments to re-locking or burning some of these allocations:” governance fund remaining (113.46 million OP), user airdrops remaining (546.93 million OP), retro fund remaining (777.59 million OP), and partner & seed fund remaining (247.33 million OP).

Optimism’s movements fit a pattern seen in other protocols adjusting token economics for alignment. In November 2025, the dydx community approved directing 75% of protocol fees to DYDX buybacks, as Coinspeaker reported. This followed other projects like ether.fi with a $50 million ETHFI buyback proposal from October 2025.

Interestingly, Optimism is in a privileged position thanks to Superchain’s results, as Mark Boas highlighted while OP ranked among 2025’s worst-performing major tokens, as detailed in Coinspeaker’s year-end review, evidencing a clear divergence between the network and its underlying asset.

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Vini Barbosa

Vini Barbosa has covered the crypto industry professionally since 2020, summing up to over 10,000 hours of research, writing, and editing related content for media outlets and key industry players. Vini is an active commentator and a heavy user of the technology, truly believing in its revolutionary potential. Topics of interest include blockchain, open-source software, decentralized finance, and real-world utility.

Vini Barbosa on X


Source: https://www.coinspeaker.com/optimism-op-token-buyback-proposal-superchain-revenue/