Optimism Proposes Using 50% Of Superchain Revenue To Buy Back OP Tokens

, By Cointelegraph
Optimism Proposes Using 50% Of Superchain Revenue To Buy Back OP Tokens
Blockchain

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The Optimism Foundation has floated a major shakeup to the dynamics of the layer 2’s OP token, proposing to allocate 50% of its Superchain revenue to regular buybacks of the asset. 

Optimism Grants council member Michael Vander Meiden shared the proposal via X on Thursday, highlighting that “after many years of being a ‘useless gov token’ the value of the OP token will finally be tied to network activity.”

The proposal was initially submitted in the Optimism governance forum on Wednesday. It outlines a plan to direct 50% of incoming…



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Optimism Proposes Using 50% Of Superchain Revenue To Buy Back OP Tokens

, Published By Cointelegraph
Optimism Proposes Using 50% Of Superchain Revenue To Buy Back OP Tokens
Blockchain


The Optimism Foundation has floated a major shakeup to the dynamics of the layer 2’s OP token, proposing to allocate 50% of its Superchain revenue to regular buybacks of the asset. 

Optimism Grants council member Michael Vander Meiden shared the proposal via X on Thursday, highlighting that “after many years of being a ‘useless gov token’ the value of the OP token will finally be tied to network activity.”

The proposal was initially submitted in the Optimism governance forum on Wednesday. It outlines a plan to direct 50% of incoming…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News
Indonesia’s crypto trading hits $28.6b in 2025: OJK
Next News
Una Brands goes from brand buyer to seller, cuts 2024 losses
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