Happy new year everyone! In November last year, I wrote about the changes we were making to refocus the team on what comes next for crypto.
Today, the @Optimism Foundation is proposing a token buyback. The goal is to unify the broader ecosystem outside of just our internal teams to prepare for the next wave of adoption.
Here’s where we are today: The Superchain is globally adopted infrastructure. It processes 13% of all blockchain transactions, with 61.4% of L2 fee market share.
Foundation and Labs are not solely responsible for this success. Legends like @base, @unichain, @inkonchain, @worldcoin, @Celo, @build_on_bob, @zora, @modenetwork and @Soneium chose the OP Stack and their growth demanded that we scale the infrastructure to support them. We are here today because our partners and integrators rolled up their sleeves and built together with us.
The OP token has historically had no tie to the performance of the Superchain, and we’d like to change that. OP should be an incentive alignment mechanism to unify all of us who are working towards the shared goal of innovating on the OP Stack and accelerating Superchain growth.
Every OP Chain contributes sequencer revenue to Optimism. In the past twelve months, Optimism has collected 5,868 ETH. This proposal directs 50% of incoming revenue to buy OP tokens monthly for the next year. OP tokens bought through this program flow back into the token treasury ecosystem. Governance retains oversight over buyback parameters and treasury management. The remaining ETH will be actively managed by the Foundation to fund operations, and grow the Superchain.
If approved, this proposal will transition OP from a pure governance token to a token tightly aligned with network growth. When an enterprise builds a new chain, the utility of the token increases and OP benefits. When builders choose the Superchain, the flywheel accelerates. Every transaction expands the base from which buybacks operate.
The governance proposal moves to vote on January 22. If approved, buybacks begin in February. We will be hosting a Twitter space with myself, @karl_dot_tech & @ben_chain on Jan 12th, 12pm EST for all your questions.
This program starts small and scales as we scale, and the role of the OP token will continue to evolve. But the direction is clear: the OP Stack is becoming the standard for the next generation of financial systems. This change aligns the OP token with that momentum, ensuring those building the most important financial infrastructure in crypto capture its impact.
This is a new era for OP, and the first of many announcements to come on our plans for 2026. Looking forward to the discussion!
Back in September, I told @jinglejamOP, @ben_chain and @karl_dot_tech about the need for such events on buybacks and incentives.
https://t.co/rUxbhlLJyW
I'm glad that @Optimism hears its supporters.
However, I want to note that in 2026, according to @DefiLlama revenue, Superchain amounted to about $17.3M. If the vote is accepted, it will be buybacks for $8.65M per year. Even if we look at a more successful 2024, the buybacks for the year will be $20M per year.
But I'll remind you that there are still monthly splits for investors and core contributors at 32M $OP. It's $10M monthly! And the capitalization of the project today is $617M. Obviously, buybacks of $8-20M per year will not be a lifeline! But it's quite a good move for the first step! However, the decrease in revenue Superchain compared to 2024 and 2023 is alarming and concern. I hope the team has thoughts on this and it will be great if they share them with the community!
I have an idea for a new market @polymarket
Will there be an alt-season in 2025?
Many analysts and communities are already debating whether it has already happened or is yet to come.
Such a market on Polymarket would generate enormous interest among platform users.
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@ConvexFinance is deceiving users. They promise a big reward if you deposit funds for several years. As soon as you deposit a large amount, they set the reward to 0%. Support does not respond to questions.
🤡Great crypto company💩
#ConvexFinance
@ConvexFinance is deceiving users. They promise a big reward if you deposit funds for several years. As soon as you deposit a large amount, they set the reward to 0%. Support does not respond to questions.
🤡Great crypto company💩
#ConvexFinance
Airdrop failure from @zkSync or where is the decentralization?
Blockchain is a transparent territory. Traces remain, even if someone leaves an airstream for maneuvering.
The @zksync team has made a sensation in the crypto community with the most opaque distribution possible. Some points are simply absurd.
@gluk64@frogmonkee@Ozhar@Yogi13031997@stonecoldpat0@TrustlessState@Caneleo55@heycape_@0x_Lens@gluk64
@TheZKNatiou
#zksyncscam
1) 13,000 wallets with 0 tx in the zkSync network received an allocation. And what use are these users to the project if they haven't even come in contact with it? https://t.co/T7Tigfx0FX
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