Buyback Program
Optimism
Optimism Collective approved a 12-month program directing 50% of Superchain revenue toward monthly OP buybacks with 84.4% support, transforming the governance token into one tied to sequencer revenue.
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Anas Hassan
Crypto Journalist
Anas Hassan
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Jun 2025
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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.
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Last updated:
January 29, 2026
The Optimism Collective approved a proposal directing 50% of Superchain revenue toward monthly OP token buybacks with 84.4% support.
The 12-month program starting in February transforms OP from a pure governance token into one directly tied to sequencer revenue generated across Base, Unichain, Ink, World Chain, Soneium, and OP Mainnet.
Based on the 5,868 ETH collected over the past twelve months, the initiative would deploy approximately 2.7k ETH, or roughly $8 million at current prices, into open-market purchases executed through an OTC provider.
Purchased tokens flow back to the collective treasury, where they may eventually be burned, distributed as staking rewards, or deployed for ecosystem expansion as the platform evolves.
Revenue Mechanism Ties Token Demand to L2 Growth.
The Foundation will partner with an OTC provider to execute monthly ETH-to-OP conversions within predetermined windows, regardless of price, beginning with January’s revenue in February.
According to the proposal, conversions pause if monthly revenue falls below $200,000 or if the OTC provider cannot execute under maximum allowable fee spreads, with any paused allocation rolling over to the following month.
All trades will be reported publicly through Optimism’s stats dashboard or the governance forum for transparency, with the Foundation publishing an execution dashboard tracking fills, pacing, pricing, and balances.
The remaining 50% of ETH revenue stays flexible for development, ecosystem growth, and shared infrastructure across the Superchain’s 30+ partners, reducing governance overhead that historically limited active treasury management.
While the program starts small, it scales with Superchain expansion, where every transaction across participating chains expands the buyback base and creates structural demand for OP tokens.
The mechanism operates on collected sequencer revenue from chains that contributed the full 5,868 ETH to a treasury managed by Optimism governance over the past year.
Foundation Sees Buybacks as First Step in Token Evolution.
Optimism Foundation Executive Director Bobby Dresser framed the approval as a turning point for the token’s economic role.
“Governance approval of the buyback proposal marks an exciting first step in expanding the role of the OP token,” Dresser said.
“Optimism’s OP Stack is becoming the settlement layer for the next generation of financial systems, and this program will help align the OP token’s value with the success of the...
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