Optimism governance approves OP token buyback plan tied to superchain revenue

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Optimism governance approves OP token buyback plan tied to superchain revenue The proposal links the OP token more directly to the economic performance of the Superchain. By Margaux Nijkerk | Edited by Stephen Alpher Updated Jan 28, 2026, 7:23 p.m. Published Jan 28, 2026, 7:16 p.m. Make us preferred on Google What to know : Optimism’s governance has approved a proposal that links the OP token more directly to the economic performance of the Superchain, marking a notable shift in how one of Ethereum’s largest layer 2 ecosystems approaches token value and revenue use. The proposal passed with 84.4 % of votes in favor, according to Optimism’s onchain governance portal, after several days of discussion among delegates and tokenholders Optimism’s governance has approved a proposal that links the OP token more closely to the economic performance of the Superchain, marking a notable shift in how one of Ethereum’s largest layer-2 ecosystems approaches token value and revenue use. The proposal passed with 84.4 % of votes in favor, according to Optimism’s onchain governance portal, after several days of discussion among delegates and tokenholders. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . The OP token remained marginally lower over the past 24 hours. Under the plan, the Optimism Foundation will allocate 50% of net Superchain sequencer revenue toward recurring OP token buybacks over a 12-month pilot period beginning in February. The remaining revenue will continue to support ecosystem funding, grants, and operations. The measure represents Optimism’s first formal effort to connect OP token demand to network activity across the Superchain — a growing collection of OP Stack–based chains that includes OP Mainnet, Base, Unichain, World Chain, Soneium, Ink, and others. Since its launch, OP has primarily functioned as a governance token, giving holders influence over protocol upgrades and treasury spending. The newly approved buyback mechanism introduces a different dynamic: as Superchain usage grows, so does the capital allocated to purchasing OP from the open market. According to the Optimism Foundation, Superchain sequencers generated roughly 5,900 ETH in revenue over the past year, a figure that could increase as additional chains come online and transaction volume rises. OP tokens acquired through the buyback program will be held in the Optimism Collective treasury. The proposal does not mandate burning the tokens or removing them from circulation, leaving future use — including potential staking mechanisms, incentives, or burns — to subsequent governance decisions. That flexibility was a key point of discussion during the proposal’s review period, with some delegates arguing it preserves optionality while others pushed for clearer long-term commitments. “Governance approval of the buyback proposal marks an exciting first step in expanding the role of the OP token. 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 Superchain ecosystem," said Bobby Dresser, the Optimism Foundation executive director . Read more: Optimism community begins vote on OP token buybacks Optimism Optimism foundation Optimism unlimited Token Governance More For You Pudgy Penguins: A New Blueprint for Tokenized Culture By CoinDesk Research Dec 30, 2025 Commissioned by Pudgy Penguins Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale. What to know : Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token. The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility. View Full Report More For You Tether is buying up to $1 billion of gold per month and storing it in a 'James Bond' bunker By Francisco Rodrigues | Edited by Stephen Alpher 6 hours ago The company's gold purchases are mostly for its own reserves, but also support its XAUT stablecoin. What to know : Tether is buying up to two tons of gold weekly and has amassed a 140-ton stockpile worth about $24 billion, becoming one of the largest non-governmental holders. The company's gold purchases are mostly for its own reserves, but also support its XAUT stablecoin. Gold prices have surged by more than 90% year-over-year, with Tether's buying potentially influencing the market alongside central bank purchases. 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