Optimism approves using Superchain revenue for OP token buybacks

Optimism governance on Jan. 28 approved a proposal to allocate 50% of Superchain sequencer revenue toward OP token buybacks over a one-year pilot beginning February 2026. The vote passed with 84.4% approval from the Optimism community, comfortably exceeding quorum. Under the approved framework, 50% of all net sequencer revenue generated across the Superchain will be used for monthly open-market purchases of OP tokens.

The Optimism Foundation will initially carry out the program, and purchases will likely be made through over-the-counter vendors to minimize market impact. Repurchased tokens will be transferred to the Optimism Collective Treasury, with governance later deciding whether they are burned, used for staking-related mechanisms, or implemented as ecosystem incentives.

The plan includes automatic pauses if execution requirements are not met or revenue drops below set thresholds. Based on current revenue levels, the Superchain generated roughly 5,868 ETH in sequencer revenue over the past year. At recent prices that implies around 2,700 ETH, or about $8 million annually, could be directed toward OP buybacks if activity holds steady.

The Superchain covers OP Stack chains such as Base, Unichain, World, and others. The mechanism is designed to tie OP’s value more directly to Superchain growth and to respond to a long-running tokenomics debate as the ecosystem expanded.

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