Key Takeaways:
- Optimism is considering a proposal to use 50% of Superchain fee revenue to buy back OP tokens on a recurring basis.
- The plan aims to directly link OP’s value to on-chain activity, ending its reputation as a passive governance token.
- Fees from major Superchain networks like Base, World, Unichain, Ink, and OP Mainnet would fund the buybacks.
Optimism is weighing a major shift in how value flows back to OP holders. A new governance proposal would redirect half of all Superchain revenue toward systematic OP buybacks, tying the token’s economics directly to network usage rather than governance alone.
Optimism Moves to Redefine OP’s Economic Role
For years, OP has primarily functioned as a governance token, with limited direct economic linkage to Optimism’s rapidly growing Layer-2 activity. That may soon change.
On Thursday, Optimism Grants Council member Michael Vander Meiden shared a proposal that could fundamentally reshape OP’s value model. The plan would allocate 50% of Superchain revenue – fees generated across Optimism’s expanding ecosystem to purchase OP tokens on the open market.
Vander Meiden framed the shift bluntly. After years of OP being viewed as a “useless gov token,” the proposal would finally anchor its value to real network demand. If adopted, OP holders would gain exposure to the economic success of the Superchain itself.
The proposal was first submitted to Optimism’s governance forum earlier this week and is now entering broader community discussion.
How the OP Buyback Mechanism Would Work
Under the current proposal, half of all fee revenue generated across the Superchain would be routed into a buyback program. This revenue includes transaction fees collected from multiple OP Stack-based chains, not just Optimism’s main network.
Once collected, funds would be used for regular OP purchases, likely on a monthly basis. The acquired tokens would be directed to the Optimism treasury, where governance would decide their final use.
Potential outcomes include:
- Token burns, permanently reducing OP supply
- Staking or incentive rewards as the protocol evolves
- Treasury management, giving governance flexibility over distribution timing
Importantly, the proposal does not hard-code how bought-back tokens must be used. Instead, it gives governance ongoing control over parameters such as buyback frequency, allocation, and long-term token handling.
This structure aims to balance predictability with flexibility, allowing OP’s token model to evolve alongside the Superchain.
Read More: Pump.fun’s Massive $30.65M $PUMP Buyback Sparks Surge in Token Demand
Superchain Fees Become the Economic Engine
The proposal’s impact depends on the scale of the Superchain, which has quietly become one of the most dominant Layer-2 ecosystems in crypto.
The Superchain is a network of interoperable Layer-2 chains built using Optimism’s open-source OP Stack. It includes high-profile networks such as Coinbase’s Base, World, Unichain, Ink, and OP Mainnet itself.
Read More: Coinbase to Launch Native Prediction Markets & Tokenized Stocks in Major Dec 17 Expansion
Superchain Revenue and Its Role in OP’s Value Model
According to Optimism’s own data, Superchain networks now:
- Capture over 60% of Layer-2 fee market share
- Process roughly 13% of all crypto transactions
- Continue to gain share as new OP Stack chains launch
This means OP buybacks would be funded by a broad, diversified base of network activity rather than reliance on a single chain. The fees and buyback capacity of Superchain may increase as additional applications, users, and institutions are deployed to OP Stack chains.
Overall, OP would start to resemble an ecosystem-wide value accrual token indicating the overall performance of dozens of Layer-2 networks.
Source: https://www.cryptoninjas.net/news/optimism-proposes-using-50-of-superchain-revenue-to-buy-back-op/
