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Optimism’s Joint Council passes OP buyback proposal; 50% of Superchain revenue will be used for buybacks
2026.01.29 - 00:54
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7x24h News
Optimism’s Joint Council passes OP buyback proposal; 50% of Superchain revenue will be used for buybacks
The joint parliamentary proposal submitted by the Optimism Foundation has been approved. The proposal authorizes a 12-month program to allocate 50% of Superchain revenue toward repurchasing OP tokens; the buyback program will launch in February, and the repurchased tokens will be returned to the treasury for future use in token burns or as staking rewards.
2026.01.29 - 00:54:56
Navigating Web3 tides with focused insightsTechFlow reports that on January 29, the joint council proposal submitted by the Optimism Foundation has been approved. The proposal authorizes a 12-month program to allocate 50% of Superchain revenue toward repurchasing OP tokens; the buyback program will launch in February, and the repurchased tokens will be returned to the treasury for future use in token burns or as staking rewards.
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