Optimism community votes on using 50% of Superchain revenue for OP buybacks

The Optimism (OP) community has begun voting on a governance proposal to allocate 50% of the Ethereum (ETH) revenue generated by its Superchain sequencer toward OP token buybacks over a 12-month period, CoinDesk reported. According to the proposal, the repurchased OP tokens would initially be held in the treasury and could later be burned, used for ecosystem funding, or distributed to network security participants. The vote is set to conclude on Jan. 28.