Optimism plans 50% Superchain revenue allocation to OP token buybacks
The Optimism Foundation has proposed changing how revenues generated by Superchain are used, redirecting 50% of earnings toward buybacks of OP tokens. Superchain is an Ethereum L2 “superset” built on the Optimism technology stack.
Currently, Superchain — developed using the Optimism stack — includes major blockchains such as OP Mainnet, Base, Unichain, Worldchain, and others, and accounts for approximately 62% of Ethereum’s L2 ecosystem.
Over the past year, Optimism has generated 5,868 ETH from Superchain activity, worth roughly $18 million at current prices. Under the existing framework, these funds are primarily allocated to developer and team incentives, operational expenses, employee salaries, security audits, legal costs, and other overhead, with no direct mechanism to support OP token holders.
The Optimism Foundation now proposes to revise this system by allocating half of Superchain-generated revenue to monthly over-the-counter (OTC) OP token buybacks.
Burning or staking
Tokens acquired through the program would be “returned to the treasury” and could either be burned or distributed as staking rewards as the platform evolves. These approaches reflect two common strategies: reducing the circulating supply of OP or rewarding staking participants.
“Governance will retain control over the parameters governing token buybacks and treasury management,” the proposal states, adding that over time the buyback mechanism “may move on-chain so that execution occurs without Foundation involvement.”
The proposal also notes that the Optimism Foundation will continue managing any ETH revenues not allocated to token buybacks, enabling “more active treasury management.” Buybacks would not occur in months when revenues fall below $200,000 or when OTC trading cannot be executed within a predefined fee spread.
Price dynamics of the OP during the project's existence since 2022. Source: CoinMarketCap.
The new proposal aims to support adoption of Optimism’s native token, which has struggled in recent months. At the time of writing, OP was trading below $0,32, down approximately 93% from its all-time high of $4.85 reached in May 2024.
As we wrote, Optimism drops 7.04% as technical resistance outweighs bullish momentum
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