An attempt to save the token or strategic development? The Optimism governance has approved a proposal for the buyback of tokens
$OP , which directly links their value to the economic indicators of Superchain. The initiative was supported by 84.4% of participants in the on-chain voting.
According to the plan, the Optimism Foundation will direct 50% of net revenue to regular buybacks of OP from the open market during a 12-month pilot period starting in February. The other half of the revenue will remain to fund the ecosystem, grants, and operational expenses.
This is the first formal attempt by Optimism to directly link the demand for OP with the actual activity of the network. According to the Optimism Foundation, over the past year, Superchain sequencers generated about 5,900 ETH in revenue, and this figure may increase with the emergence of new networks and a rise in transactions.
As noted by Bobby Dressler, the executive director of the Optimism Foundation, this step aims to align the value of the OP token with the success of the entire Superchain ecosystem.
Given that the price is currently nearly at its minimum, it seems like a good opportunity to earn in the long term. But the decision is yours (don't forget to do your own analysis).
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