#Optimism just approved OP buybacks

$OP token holders voted to redirect 50% of @Optimism’s protocol revenue into buying $OP. The buybacks will start via OTC swaps, with a plan to move fully onchain within the next six months.

The goal is to better align $OP with the Superchain, which includes networks like #base and #Unichain and generates real protocol revenue.

This makes Optimism one of the first major #Ethereum L2s to directly tie protocol revenue to its token.