The Optimism Foundation proposes an OP buyback plan, with 50% of Superchain revenue to be used for repurchases.

Techub News reports that the Optimism Foundation has passed an OP buyback proposal. This proposal authorizes the initiation of a 12-month plan, which will allocate 50% of Superchain revenue to repurchasing OP tokens; the buyback program will commence in February, and the repurchased tokens, along with the remaining ETH from the sequencer, will flow back into the Collective Treasury. Furthermore, the foundation will collaborate with over-the-counter trading providers to execute monthly ETH-to-OP conversions.