The Optimism Foundation's proposal to allocate 50% of its Superchain network revenue for monthly buybacks of OP governance tokens has entered the voting phase, sparking debate within the DAO community. Critics argue that using hard assets for buybacks is inefficient, especially as the foundation continues to sell OP through grants. Concerns also arise over the buybacks being conducted via over-the-counter transactions, potentially serving as an exit for insiders. Proponents, however, see the buyback as a positive signal of network growth. Currently, the proposal has garnered strong support, with over 3.8 million votes in favor and about 19,000 against. Voting ends on January 28th.
Optimism Token Buyback Proposal Faces Divided DAO Community
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