Overview
- The onchain vote closed Jan. 28 with 84.4% approval, clearing a February start for monthly buybacks funded by half of net sequencer revenue across the Superchain.
- Repurchased OP will be held in the Optimism Collective treasury, with future treatment such as burns, staking, or incentives to be decided by governance.
- The Optimism Foundation will execute purchases, likely via OTC vendors and scheduled monthly buys, to reduce disruption in secondary markets.
- The framework includes automatic pauses if execution conditions are not met or if revenue falls below preset thresholds.
- Superchain sequencers generated roughly 5,900 ETH in the past year, setting the initial funding baseline for a program that formally links token demand to network usage, with results to be reviewed after 12 months.