The Optimism Collective governance body has successfully ratified a landmark proposal, greenlighting a substantial reallocation of protocol revenues aimed at strengthening the OP token’s treasury holdings and market sustainability. The approved initiative mandates that 50% of all net protocol revenue, primarily derived from sequencer transaction fees, will be systematically utilized for the acquisition of native OP tokens.
This move represents a significant commitment by the community to convert volatile accrued assets (currently ETH) into the foundational token of the ecosystem. The remaining 50% of revenue will continue to be allocated towards critical public goods funding, including the ongoing Retroactive Public Goods Funding (RetroPGF) programs.
Crucially, the execution method for the buyback will involve Over-the-Counter (OTC) swaps. This decentralized strategy is designed specifically to mitigate market volatility and slippage associated with large-scale purchases on public exchanges. By utilizing non-custodial OTC agreements, the Optimism Foundation aims to secure OP tokens efficiently while maintaining decentralized integrity and transparency in the acquisition process.
The successful vote signifies a maturation of Optimism’s governance model and provides a clear mechanism for optimizing the collective’s treasury assets. Implementation of the new revenue redirection strategy is slated to begin following the necessary technical updates and the establishment of compliant OTC swap execution partners.
Source: OP token holders approve buyback plan redirecting 50% of Optimism protocol revenue to OTC swaps
コメント