The Foundation has stated that it will radically transform OP tokenomics. The monthly purchase of OP tokens will consume half of the total Superchain revenue.
It was announced via a formal blog post. The buyback program requires government approval before it starts in February. The elections are on January 22.
Optimism also generates revenue through Superchain networks, namely Base, Unichain, Ink, World Chain, and Soneium. These and all other chains transfer their sequencer revenues to Optimism.
Superchain earned 5,868 ETH last year. Previously, 100 percent of that went to a treasury controlled by the government. The new plan dedicates 50 percent of revenue to the purchase of OP tokens.
Revenue flywheel activates the value capture mechanism
Superchain took 61.4 percent of the L2 fee market and handles 13 percent of global crypto transactions. The market share continues to grow in various chains.
The redeemed tokens will be refunded to the token treasury. The board determines how they are allocated, whether they are burned or given as a reward.
The Foundation considers it a first step. Future features could be used to stabilize the shared infrastructure and align sequencer rotation and shared management.
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Treasury Management is expanding beyond token buybacks
The other half of the income remains under the control of the Foundation. This enables active treasury management outside of existing staking programs. This is aimed at expanding the Superchain economies.
The proposal translates incentives across the ecosystem. The same system is supported by users, developers, providers and token holders. Development is driven by income, and so is usage, creating a virtuous cycle.
The flywheel effect is caused by corporate adoption. The opening of a new Superchain line increases demand. Each purchase in the networks increases the repurchase base.
The OP Stack became an Ethereum scaling experiment and then a form of standard exchange infrastructure used by companies and institutions. It is secure, scalable and economical.
The mechanism is controlled by governance. The buyback parameter remains collectively under control. Distribution must be continuously controlled by the symbolic treasury.
Small monthly redemptions will be gradually increased. The expansion will be similar to Superchain’s growth. The process ties network success directly to the OP token value.
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