The Optimism Foundation has floated a predominant shakeup to the dynamics of the layer 2’s OP token, proposing to allocate 50% of its Superchain earnings to regular buybacks of the asset.
Optimism Grants council member Michael Vander Meiden shared the proposal through X on Thursday, highlighting that “after decades of being a ‘ineffective gov token’ the value of the OP token will finally be tied to network order.”
The proposal used to be before all the pieces submitted within the Optimism governance forum on Wednesday. It outlines a concept to enlighten 50% of incoming Superchain earnings to month-to-month Optimism (OP) buybacks that can waft again into the token treasury.
“These tokens can then be burned or disbursed as staking rewards as the platform evolves. Governance will attach oversight over parameters that alter the buyback and the token treasury,” the Optimism Foundation acknowledged.
Optimism needs to grow OP utility previous governance
The fling is half of a push to enlarge OP utility previous essentially governance into something that is “tightly aligned with the improve of the Superchain,” and must present a predominant enhance to OP holders and builders all over the ecosystem.
“As the Superchain evolves, the token would perhaps perchance honest steal on extra functionality aligned with the network’s long-timeframe decentralization and resilience, at the side of roles in securing shared infrastructure, coordinating sequencer rotation, and enabling collective governance over core protocol capabilities,” the Optimism Foundation acknowledged.
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The proposal outlined the importance of relativizing OP to think the improve of Optimism from being an “experiment” in Ethereum scaling to an ecosystem cyber internet internet hosting a predominant quantity of total layer 2 order.
“The Superchain captured 61.4% L2 rate market piece and processes 13% of all crypto transactions, and that piece continues to upward thrust. The OP token needs to be aligned with that momentum and improve,” the group acknowledged.
Optimism’s Superchain used to be launched again in February 2023 and contains a network of layer-2 (L2) chains built with the venture’s commence-source OP stack. The ecosystem hosts chains corresponding to Unichain, Ink and Coinbase’s L2 Depraved.
The OP token had a substantial 2025, with its mark declining by practically 83%. The mark has yet to soar this week on the news of the proposal.
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