Ethereum Layer 2 network Optimism is set to hold a governance vote on implementing token buybacks using 50% of its revenue beginning in February for the next 12 months.
The Optimism Foundation, which supports the chain’s growth and development, announced the move in a blog post today, aiming to “align the OP token with the Superchain’s success” through token buybacks.
The governance proposal will move to a vote on January 22, and if passed, will allocate 50% of Superchain revenue to “buy OP tokens on a monthly basis for the next year.”
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