Optimism Foundation Proposes OP Buybacks With 50% of Superchain Revenue

Optimism is weighing a proposal to use half of Superchain sequencer revenue for recurring OP token buybacks aimed at boosting value capture.

The Optimism Foundation, the entity behind layer 2 network Optimism, has proposed using 50% of Superchain revenue for monthly OP token buybacks.

The new governance initiative would dedicate half of incoming Superchain sequencer revenue — collected from chains like Base, Unichain, World Chain, and OP Mainnet — to over-the-counter OP purchases each month for 12 months.

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The tokens would go to the Collective treasury for potential burning, staking rewards, or ecosystem use, while the remaining ETH would be allocated by the Foundation’s management under governance oversight.

Optimism gathered 5,868 ETH from Superchain chains, which at current prices could have funded about $8 million in OP buybacks. The Superchain holds around 61% of layer 2 fee market share and processes 13% of crypto transactions.

“The OP Stack is becoming the settlement layer for the next generation of financial systems. With this proposal, the OP token will capture value alongside the Superchain’s growth,” said the Foundation in a statement.

The governance proposal moves to a vote on Jan. 22. If approved, the buyback program would begin as early as next month.